Wednesday 21 March 2018

Former Anglo executives' trial delayed

THE trial of three former senior Anglo Irish Bank executives over alleged corporate law offences has been delayed.

Former chairman and chief executive Sean FitzPatrick, former finance director Willie McAteer and former managing director in Ireland Patrick Whelan are all charged with offences under the Companies Act.

They are accused of permitting Anglo Irish Bank to give financial assistance in July 2008 to 16 individuals – Patricia Quinn, her five children and 10 senior clients of the bank, who became known as the 'Maple Ten' – to enable them to buy shares in the bank using the bank's own funds.

The trial was due to begin on January 13, 2014, but the Circuit Criminal Court was told yesterday that this was unlikely

Judge Martin Nolan said he accepted the start date for the trial would be delayed until the end of next month.

The three were remanded on continuing bail to appear again on December 16.

Irish Independent

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