Wednesday 11 December 2019

Anglo jury retires for second day to consider verdict

THE jury on the trial of three former Anglo Irish Bank executives has retired for a second day to consider its verdict.

Former chairman Sean FitzPatrick  (65), from Greystones, Co Wicklow; William McAteer (63), of Rathgar in Dublin; and Pat Whelan (51), of Malahide, Co Dublin deny 10 counts of providing unlawful financial assistance to net worth Anglo clients – known as the so-called Maple 10 - in July 2008 to buy shares in Anglo.

The loan-for-shares deal involved unwinding Sean Quinn’s secret 29pc stake in the bank, build up through contracts for difference (cfds).

Mr Whelan, Anglo’s former head of lending in Ireland and ex-chief risk officer Mr McAteer also deny six counts each of providing unlawful financial assistance to six members of the Quinn family as part of the same deal.

The 12 strong jury – reduced from an historic 14 on Friday – began deliberations on Friday afternoon after hearing ten weeks of evidence.

Trial judge Martin Nolan had urged the seven men and seven women to leave any prejudice they may have at the jury door and to try the men on the charges before them and not for the collapse of the banking system.

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