Belfast Telegraph

Wednesday 22 October 2014

Bankrupt banker faces fresh charges

Former Anglo Irish Bank chief executive and chairman Sean FitzPatrick leaves Dublin District Court

Former Anglo Irish Bank chief executive and chairman Sean FitzPatrick is facing fresh charges over financial irregularities at the nationalised bank.

The 64-year-old bankrupt was brought before Dublin District Court charged with 12 counts of giving auditors false or misleading information on directors' loans over a five-year period.

Dressed in navy suit and dark pink tie, FitzPatrick, of Whitshed Road, Greystones, Co Wicklow, did not speak during the short hearing.

Detective Inspector Ray Kavanagh told the court that the accused said "no comment" when charged with each count.

FitzPatrick was granted bail by Judge Michael Walsh on his own bond of 1,000 euro on condition that he resides at home and gives 48 hours' notice if he changes address or leaves the jurisdiction.

He must also sign on once a week at Irishtown Garda station in Dublin.

FitzPatrick was arrested by appointment by gardai on secondment to the Office of the Director of Corporate Enforcement from the Garda Bureau of Fraud Investigation.

He was charged under section 197 of the Companies Act 1990 which makes it an offence to knowingly or recklessly make a false or misleading statement to auditors. He is accused of making two false statements each year between 2002 to 2007.

The case was adjourned until March 1 when the book of evidence is expected to be served. The bankrupt banker and two other executives are also due to go on trial over separate allegations that they tried to falsely inflate the toxic lender's share price in 2008.

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