Monday 23 April 2018

Former chairmen refuse to comment

Cormac McQuinn

Cormac McQuinn

TWO of Anglo Irish Bank's former chairmen have refused to speak about the controversy that has arisen over the revelations in the Anglo Tapes.

Both Donal O'Connor and Alan Dukes have refused to be drawn on the recordings. And they both refused to comment on their time working with former Anglo executives who feature on one of the recordings, discussing how a September 2008 request for a €7bn loan from the Central Bank would not be enough to save the bank.

The conversation between John Bowe and Peter Fitzgerald implied that the bank knew it had no prospect of paying the loan back.

Mr Bowe has denied misleading the Central Bank while Mr Fitzgerald said he wasn't involved in the negotiations and was unaware of any strategy to mislead authorities.

NATIONALISATION

Mr Bowe worked at the bank until 2012. His colleague Mr Fitzgerald also remained at the bank after nationalisation though he too has since left.

A spokesman for Grant Thornton said: "John Bowe was at Grant Thornton for 12 weeks on a part-time unpaid work placement project between February and May 2013. The project related to internal office efficiencies, and is now completed."Mr O'Connor was appointed chairman at the end of 2008.

He was in place when nationalisation plans for Anglo were announced in 2009. Asked about the revelations he said: "Sorry I have no comment ."

Mr Dukes, a former TD and leader of Fine Gael, replaced Mr O'Connor as chairman in 2010 and was at the bank when it was merged with Irish Nationwide to become Irish Bank Resolution Corporation (IBRC).

He remained in place until IBRC was liquidated.

Irish Independent

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