News Courts

Sunday 21 September 2014

Key issues facing the Anglo jurors

Published 10/04/2014 | 02:30

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Council for prosecution Paul O’Higgins SC at court yesterday
Council for prosecution Paul O’Higgins SC at court

The prosecution claimed there are FOUR QUESTIONS the jury must consider:

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* Was there lending?

* Was that lending, beyond a reasonable doubt, not lending in the ordinary course of business?

* If yes, did any or each of the accused authorise it or permit it?

* Or is there a reasonable doubt they took all reasonable steps to prevent the lending?And five issues they should ignore:

AND FIVE ISSUES THEY SHOULD IGNORE:

* Whether or not the regulator approved, encouraged, permitted or was conformable with the borrowings.

* Why no one else involved in the transaction was prosecuted or granted immunity for giving evidence.

* Any issues around legal advice being obtained.

* The role global investment bank Morgan Stanley had in the transaction.

* Whether or not they had a genuine belief the bank would collapse without the loan-for-shares deal.

Irish Independent

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