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Former Anglo Irish Bank chairman in Dublin court over new fraud charges Former Anglo Irish Bank chairman in Dublin court over new fraud charges
(about 1 hour later)
One of the bankers blamed for almost bankrupting Ireland has appeared in court to face 12 new fraud charges.One of the bankers blamed for almost bankrupting Ireland has appeared in court to face 12 new fraud charges.
Seán FitzPatrick, the former chairman of the now nationalised Anglo Irish bank, was accused in Dublin's district court on Friday of making false, misleading or deceptive statements relating to loans of almost €300m (£244m). Seán FitzPatrick, the former chairman of the now nationalised Anglo Irish Bank, was accused in Dublin's district court on Friday of making false, misleading or deceptive statements relating to loans of almost €300m (£244m).
The court heard that FitzPatrick made the statements to Anglo Irish's auditors, Ernst&Young, between 2002 and 2007 by under-declaring the loans to the value of €284.9m. It is alleged these loans were for Fitzpatrick or those connected with him. The court heard that FitzPatrick faces charges of making the statements to Anglo Irish's auditors, Ernst & Young, between 2002 and 2007 by under-declaring the loans to the value of €284.9m. It is alleged these loans were for FitzPatrick or those connected with him.
Dressed in a dark suit, blue shirt and red tie, the bank's former chairman took his place in the dock to face 12 charges relating to financial irregularities at the institution.Dressed in a dark suit, blue shirt and red tie, the bank's former chairman took his place in the dock to face 12 charges relating to financial irregularities at the institution.
Detective Inspector Ray Kavanagh gave details of FitzPatrick's arrest by arrangement at the Bridewell gardai station at 9.04am. He said the 64-year-old made no reply after caution to the charges, which allege he made false or misleading statements to Anglo Irish Bank's auditors over five years. Detective Inspector Ray Kavanagh gave details of FitzPatrick's arrest by arrangement at the Bridewell police station at 9.04am. He said the 64-year-old made no reply after caution to the charges, which allege he made false or misleading statements to Anglo Irish Bank's auditors over five years.
It as the third time the high-profile banker has been arrested. He was previously charged with 16 counts related to the banks collapse, including providing unlawful financial assistance to 16 individuals to enable them to buy shares in Anglo Irish. FitzPatrick has been released on bail until 1 March. He was told there were no objections to bail provided certain conditions were met including that he continue to reside at his current address.It as the third time the high-profile banker has been arrested. He was previously charged with 16 counts related to the banks collapse, including providing unlawful financial assistance to 16 individuals to enable them to buy shares in Anglo Irish. FitzPatrick has been released on bail until 1 March. He was told there were no objections to bail provided certain conditions were met including that he continue to reside at his current address.
FitzPatrick and Anglo Irish's other directors have become hate figures in Ireland. During the republic's overheated property boom they were running a bank that became the major lender to speculators. So far the Irish taxpayer has paid more than €30bn to bail out the now nationalised bank, renamed the Irish Banking Resolution Corporation.FitzPatrick and Anglo Irish's other directors have become hate figures in Ireland. During the republic's overheated property boom they were running a bank that became the major lender to speculators. So far the Irish taxpayer has paid more than €30bn to bail out the now nationalised bank, renamed the Irish Banking Resolution Corporation.
FitzPatrick is the highest-profile banker to be charged in connection with Ireland's financial meltdown.FitzPatrick is the highest-profile banker to be charged in connection with Ireland's financial meltdown.