independent

Thursday 17 April 2014

Tycoon Sean Quinn set to give evidence today

Businessman Sean Quinn 
Pic: Courtpix
Businessman Sean Quinn

SEAN Quinn has begun giving evidence in the trial of three former Anglo Irish Bank directors at the Dublin Circuit Criminal Court.

The jury has previously heard how the one-time tycoon’s indirect stake in the bank got as high as 29pc in March 2008.

The trial is entering its second week today.

On Friday the jury was told Mr Quinn's Quinn Group borrowed almost €2bn from Anglo Irish Bank to fund his bet on the bank's shares, made through so called contracts for difference (cfd).

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 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.

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Independent.ie on Twitter

More

Most Read

Daily Deals

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News