| 10.7°C Dublin

Former Anglo executive struck off by accountancy body


William McAteer. Photo: Collins Courts

William McAteer. Photo: Collins Courts

William McAteer. Photo: Collins Courts

Former Anglo Irish Bank executive William McAteer has been expelled from Chartered Accountants Ireland after a disciplinary tribunal found he had brought discredit on himself and the profession.

Mr McAteer was previously sentenced in 2016 to serve a three-and-a-half-year prison term for his part in conspiring to mislead investors to make Anglo appear more valuable than it was in 2008, by using interbank loans of €7.2bn.

He was later sentenced to a two-and-a-half year term for fraudulently obtaining an €8.2m loan from the bank.

Mr McAteer did not attend the brief hearing in Dublin on Friday where the professional body Chartered Accountants Ireland’s Institute’s Conduct Committee took the decision.

Mr McAteer consented to his exclusion from membership of the Institute and has undertaken not to make any future application for reinstatement.

Mr McAteer had accepted the facts of a formal complaint brought against him by the Institute’s Conduct Committee following the opinion certified by the Special Investigator, Mr John Purcell.

The Disciplinary Tribunal made an Order excluding Mr. McAteer from Membership of Chartered Accountants Ireland, the most significant sanction that the Disciplinary Tribunal can impose.

Disciplinary matters in relation to Mr McAteer have now concluded.

Online Editors