Tuesday 17 October 2017

Disgraced Anglo banker now fears for own safety

Ronald Quinlan

Ronald Quinlan

DISGRACED banker Sean FitzPatrick has had electronically-controlled security gates installed at his home amidst growing fears for his privacy and safety.

With public anger growing in response to rising unemployment and the latest of what is expected to be a succession of harsh budgets, the former Anglo Irish Bank chairman is said by friends to be increasingly worried by the prospect of some of that ire -- quite literally -- landing on his doorstep.

Currently, FitzPatrick is the subject of three separate investigations by the Office of the Director of Corporate Enforcement (ODCE), the Financial Regulator and the Garda Bureau of Fraud Investigation (GBFI) in relation to his activities at the bank.

Anglo Irish Bank has gone on to receive €4.1bn in taxpayers' money since being nationalised in January of last year.

Among the matters currently being investigated are FitzPatrick's €122m in hidden loans and the so-called Anglo "golden circle" loans-for-shares scandal.

This loans scandal saw the gardai and ODCE raid the bank's headquarters as part of its probe.

The 61-year-old career banker continues to make use of an office in Dublin's docklands for meetings with his business and legal advisers,

However, he is understood to be conscious, at all times, of possible threats to his personal security.

In what would appear to be another indication of that concern, FitzPatrick has changed his car three times since resigning from his position at Anglo.

FitzPatrick's use of a number of different vehicles has, so far, also allowed him to travel unmolested for meetings with a number of high-profile business figures at their homes, the Sunday Independent understands.

Visitors to the former Anglo man's home, in Greystones, meanwhile, are a rarer occurrence.

These visitors have tended, for the most part, to be drawn from FitzPatrick's immediate family.

Sunday Independent

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