Trial of three former Anglo chiefs to be delayed by three weeks
THE trial of three former senior Anglo Irish Bank Executives in connection with alleged corporate law offences at the Bank - due to start on January 13 - is expected to be delayed by up to three weeks.
The former chairman and chief executive Sean FitzPatrick, the former finance director Willie McAteer and the former managing director in Ireland Patrick Whelan are all charged with offences under the Companies Act.
They are accused of permitting Anglo Irish Bank to give financial assistance in July 2008 to 16 individuals - Patricia Quinn, her five children and ten senior clients of the bank, who became known as the 'Maple Ten', - to enable them to buy shares in the bank using the bank's own funds.
The trial was due to begin on Monday, January 13, 2014 - with jury selection expected the previous week - but the Circuit Criminal Court was told yesterday that it is unlikely that the parties will be ready to proceed until later in the month.
Prosecuting counsel Una Ni Raifteraigh SC said a two week adjournment would be beneficial as there are still a number of pre-trial matters to be sorted out.
Defence counsel, Brendan Grehan SC, for Mr Whelan, said he believed it was “overly ambitious” that the trial would be ready to proceed on January 13.
Judge Martin Nolan said he accepted the start date for the trial will now be delayed by at least two, if not three, weeks, with jury selection set to take place on January 31.
The three were remanded on continuing bail to appear again on December 16.