Saturday 21 April 2018

Anglo shambles fury as FitzPatrick walks

Former Anglo Bank Chairman, Sean FitzPatrick with his daughter Sarah, after he was acquitted of all charges outside the CCJ court. Picture: Damien Eagers
Former Anglo Bank Chairman, Sean FitzPatrick with his daughter Sarah, after he was acquitted of all charges outside the CCJ court. Picture: Damien Eagers

Cormac McQuinn and Dearbhail McDonald

Pressure is mounting on the Government to deal with the fallout from the Anglo trial collapse.

Fianna Fáil leader Micheál Martin has said that the criminal case against former bank boss Seán FitzPatrick, which ended yesterday, represents "a catastrophic systemic failure".

He said the reputation of the lead agency in the investigation, the Office of the Director of Corporate Enforcement (ODCE) is "in shreds".

The ODCE is under the remit of Jobs Minister Mary Mitchell O'Connor's department. Mr Martin said she must make a statement to the Dáil and face questions from TDs.

Taoiseach Enda Kenny did not hide his own frustration, pointing out that the taxpayer has been left with the legal costs of the case he described as "one of the longest and most expensive in the history of the State".

The man in charge of the botched probe has enjoyed retirement benefits worth almost €590,000 since he retired five years ago. Former director of corporate enforcement Paul Appleby controversially retired early on an annual pension of €73,000, on top of a €225,000 lump sum - most of it tax-free.

Mr Appleby made great efforts to ensure nothing was wanting when it came to his exit package. In his director role, he was on a grade that was not entitled to retire until the age of 65. However, he was permitted to return to his former role for 24 hours, which allowed him to avail of an early retirement scheme.

Mr Appleby was unavailable for comment last night.

Irish Independent

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