Friday 9 December 2016

What Sean FitzPatrick might be charged with

Former banker's actions may not land him in trouble, but any concealment of his behaviour might, says Leo Sharkey

Published 21/03/2010 | 05:00

WHAT actions of Sean FitzPatrick might give rise to potential criminal liability?

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The three actions that may give rise to a criminal charge and prosecution are the concealment of loans for eight years, the Anglo 10 investment scheme (to prop-up the shares of Anglo Irish Bank), and the so-called "circular" transactions totalling some €7bn.

The basis for any criminal charges may arise not so much from these actions themselves, but the concealment of this behaviour from the market. What might he actually be charged with?

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