independent

Thursday 17 April 2014

Former Anglo bankers plead not guilty to unlawfully providing financial aid

FitzPatrick (Sean): Three bankers pleaded not (NOT) guilty to fraud offences, Dublin Circuit Criminal Court, 5–214 
Pic shows: Former Anglo Chairman Sean FitzPatrick (65), of Whitshed Road, Greystones, Co Dublin, leaving court yesterday (Wed.) where he has pleaded not (NOT) guilty to 16 charges of fraud offences. 
Pic: Courtpix
Former Anglo Chairman Sean FitzPatrick (65), of Whitshed Road, Greystones, Co Dublin, leaving court today where he pleaded not guilty to 16 charges of fraud offences. Pic: Courtpix

THE former chairman of Anglo Irish Bank and it's former Managing Director of lending in Ireland have acknowledged the bank lent money to borrowers to buy shares in the company.

This morning Sean FitzPatrick (65) of Whitshed Road,  Wicklow, William McAteer (63) of Auburn Villas Rathgar, Dublin and Pat Whelan (51) of Coast Road, Malahide, Dublin, each pleaded not guilty to 16 charges of unlawfully providing financial assistance to individuals for the purpose of buying shares in Anglo Irish Bank in 2008.

But this afternoon, before the first prosecution witness was called, lawyers representing Mr FitzPatrick and Mr Whelan agreed certain non-controversial background factual matters in relation to the counts alleging the unlawful provision of financial assistance to borrowers to buy shares in the lender.

Each of the 16 charges the men face relates to a specific individual who, it is alleged, received financial assistance on dates between July 10th and 17th, 2008 and, in the case of one of the borrowers, between July 10th and July 30th, 2008.

Mr Whelan is facing an additional seven charges of being privy to fraudulently altered loan facility letters sent to seven of the borrowers relating to the purchase of shares in Anglo.

These alleged offences occurred  in October 2008.

Fifteen jurors, seven men and eight women, have been sworn in to hear the trial which could last until the end of May.

More than 100 potential witnesses may be called to testify for the prosecution during the trial.

These include businessman Sean Quinn Snr, his wife Patricia Quinn, their five adult children and Pat Neary, the former financial regulator.

Potential witnesses also include gardai, property investors, developers, borrowers mentioned in the specific charges as well as ex Anglo employees and bankers living outside of the jurisdiction.

The 16 people named in the charges as having received financial assistance are Patricia Quinn; Sean Quinn Junior; Collete Marie Quinn; Aoife Quinn; Brenda Quinn; Ciara Quinn; Paddy McKillen; Séamus Ross; Brian O’Farrell; John McCabe; Gerard Maguire; Patrick Kearney; Gerard Conlon; Gerard Gannon; Seán Reilly and Joseph O’Reilly.

The charges relating to Patricia Quinn are alleged to have occurred between July 10th and July 30th, 2008.

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