No word from FitzPatrick on grilling by Dail committee
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Disgraced former Anglo Irish Bank chairman and chief executive Sean FitzPatrick has yet to respond to an invitation by the Oireachtas Joint Committee on Economic Regulatory Affairs to appear before it in Leinster House next week.
Mr FitzPatrick has been pencilled in to appear at 4pm on Tuesday, but it's understood that he has not yet replied to the invitation. The committee wants to grill Mr FitzPatrick on his temporary transfer of €84m of personal loans granted to him by Anglo Irish Bank to Irish Nationwide prior to the institution's financial year end. The "warehousing" move hid the loans from shareholders and auditors.
The one-time chief executive of now nationalised Anglo, Mr FitzPatrick had used the practice for eight years, with loans at one stage amounting to €122m.
The committee, chaired by Fianna Fail TD Michael Moynihan, has no legal power to force Mr FitzPatrick to attend the hearing, but it previously indicated that it will seek power from the Government to do so.
The committee may also seek to force Anglo's external auditors, Ernst & Young, to appear before it.
- John Mulligan
