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Tuesday 2 September 2014

Former Chief Financial Officer of Anglo Matt Moran granted immunity from prosecution, court hears

Sarah Stack and Dearbhail McDonald

Published 18/02/2014 | 14:49

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Matt Moran
Matt Moran

THE former Chief Financial Officer of Anglo Irish Bank has been granted immunity from prosecution, the Circuit Criminal Court has heard.

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Matt Moran is giving evidence this afternoon in the trial of Sean FitzPatrick, 65, from Greystones in Co Wicklow, 51-year-old Patrick Whelan of Malahide in Dublin and 63-year-old William McAteer of Rathgar in Dublin.

Mr Moran confirmed to prosecutor Paul O'Higgins SC that he has been granted immunity from prosecution.

This followed discussions between his legal representatives and the Director of Public Prosecutions (DPP) and Mr Moran is giving evidence in what Mr O'Higgins has described as "special circumstances".

Mr O'Higgins told the 15 strong jury that the grant of immunity did not infer guilt or otherwise in relation to Mr Moran.

Mr FitzPatrick, Mr Whelan and Mr McAteer have 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.

Mr Whelan has also denied seven charges of being privy to the fraudulent alteration of a loan facility letter.

Mr Moran served as CFO of Anglo when the bank lent sums of money to what became known as the Maple 10.

The trial has heard that the Maple 10 was a group of high net worth individuals – some of Anglo's "well regarded" customers – to whom the bank lent money as part of a plan to unwind Sean Quinn's stake.

The trial continues

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