Belfast Telegraph

UK Website Of The Year

Former Anglo Irish Bank executives jailed over tax conspiracy

Published 31/07/2015

Anglo three: Bernard Daly, Aoife Maguire and Tiarnan O'Mahoney were all jailed for their role in tax fraud
Anglo three: Bernard Daly, Aoife Maguire and Tiarnan O'Mahoney were all jailed for their role in tax fraud

Three former Anglo Irish Bank executives have been jailed in the Republic of Ireland after being found guilty of conspiring to hide accounts from Irish tax authorities.

Former Chief Operations Officer Tiernan O'Mahoney (56) of Glen Pines, Enniskerry, Co. Wicklow was sentenced to three years in jail.​

Former company secretary, Bernard Daly (67), a father-of-three from Whitehall in Dublin was handed down a two year sentence.

Aoife Maguire, a 62-year-old mother of one from Rothe Abbey, South Circular Road, Kilmainham, Dublin​, received an 18-month sentence.​

Both Mr Daly and Mr O'Mahoney stared in the direction of family members located in the public gallery as they were led to a waiting prison van.

Prior to passing sentence Judge Pat McCartan told the court he would measure the maximum penalty for each offence as five years imprisonment.

​All three were found guilty of conspiring to destroy, mutilate, or falsify documents relating to accounts of John Peter O'Toole, the brother-in-law of Sean Fitzpatrick, former chief executive and chairman of the bank.​

Maguire and O'Mahoney were found guilty of conspiring to destroy, mutilate, and falsify, the records of six other accounts with connections to Sean FitzPatrick, and of conspiring to defraud Revenue with regard to these accounts.

O'Mahoney and Daly were also found guilty of ''knowingly and willingly'' supplying incorrect information to Revenue in November, 2003, by excluding Mr O'Toole's account, from a list of non-resident accounts.

The three defendants had pleaded not guilty to the charges.

​Defence lawyers argued for mitigation of sentence for their clients on the basis of their ages and their previous good character.

The court was told none of the three had any previous convictions and had never come to adverse garda attention.​

​Speaking​ on behalf of Maguire, Patrick Gageby SC told the court how she was raised in Finglas, and went on to become a dictaphone typist.

Ms Maguire began to shake and wept silently as he told the court that she became the main breadwinner for her family following the break down of her marriage.

She worked in Anglo until early 2005, he said, at which point she left her position at the bank to become a full-time carer to her mother who was unwell.

She has one daughter in her thirties who lives abroad.

​There was no suggestion she had profited from any of the transactions.

In evidence Det Sgt Gerard Doyle agreed she had passed on messages from ''upstairs''.​

Lawyer Brendan Grehan SC, on behalf of Mr O'Mahoney, pointed out the case has attracted attention "above and beyond what it might have otherwise merited" because of its connection to the now defunct Anglo Irish Bank.

​The court was also told O'Mahoney had left the bank in 2004 and had a chequered history since then.

One company with which he was involved ended disastrously - and he had to resign from another company when he was charged.

Mr O'Mahoney is married with three children, the youngest of which is 15-years-old, and has been involved for many years with south Dublin GAA side, ​Kil​macud Crokes.

​Bernard Daly, aged 67, is married with three children, one of whom has been deaf since birth.

The court was told he was not being investigated in relation to any other matter in relation to the bank.

He was also a co-operating prosecution witness in another case.​

Irish Independent

Online Editors

Read More

From Belfast Telegraph