Wednesday 28 September 2016

Anglo trial: What were the charges?

Published 31/07/2015 | 02:30

Judge Patrick McCartan
Judge Patrick McCartan

Three former Anglo Irish Bank officials were charged with seven separate offences linked to deceiving the Revenue and hiding or destroying bank records more than 10 years ago.

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Aoife Maguire, Bernard Daly and Tiarnan O'Mahoney had denied all the counts, which dated back to 2003 and 2004, but were last night behind bars to await sentencing today.

The case centred on conspiring to hide or omit accounts connected to former Anglo Irish Bank chairman Sean FitzPatrick, from the bank's Core Banking System (CBS) or from documentation provided to Revenue, who were conducting an investigation into bogus non-resident accounts which may have been liable for Deposit Interest Retention Tax (DIRT).

Daly and O'Mahoney went on trial accused of furnishing a list of bank accounts which did not include the account of Mr FitzPatrick's brother-in-law, John Peter O'Toole.

They face five years in jail and/or a fine not exceeding IR£126,9700 for supplying incorrect information to Revenue.

All three were convicted of conspiring to destroy, mutilate or falsify documents relating to accounts of John Peter O'Toole, the brother-in-law of Mr FitzPatrick.

Meanwhile, Maguire and O'Mahoney were found guilty of conspiring to destroy records of six accounts and of conspiring to defraud the Revenue by deleting or concealing some or all of the six accounts.

The names of the accounts are: Lock Ltd/Suzie Ltd, Carnahalla Ltd/Suzie Ltd, Lock Ltd, Carnahalla Ltd, Triumvirate Properties Ltd and Sean FitzPatrick Trust/Crohan O'Shea Trust.

The offences of conspiracy are common law offences.

Penalties for these are not laid down in statute and the trial judge, Patrick McCartan, is "at large" to decide what sentence to give.

Irish Independent

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