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Tuesday, July 24, 2012 3:49:55 PM
Former Anglo Irish Bank chief Sean Fitzpatrick charged
Sean Fitzpatrick, former head of the now-nationalised bank, charged by Irish police with 16 offences of financia irregularity
Henry McDonald, Ireland correspondent
Tuesday 24 July 2012 13.14 EDT
Irish police have charged Anglo Irish Bank's ex-CEO Sean Fitzpatrick as part of an
investigation into financial irregularities. Photograph: Photocall Ireland
One of the Irish bankers blamed for the Republic's financial and property crash has appeared in court charged with 16 offences of financial irregularity.
Former Anglo Irish Bank chief Sean Fitzpatrick was accused on Tuesday of allowing the bank to give financial assistance to 16 clients that enabled them to buy shares in the financial institution. After facing the charges, related to breaches of the Irish Republic's Companies Act, Fitzpatrick was granted bail to appear in court again on 8 October to have documents served against him.
He was arrested by arrangement at 5.37am on Tuesday morning shortly after he got off a flight at Dublin airport. The 64-year-old was then taken to the Bridewell garda station in central Dublin. He did not speak during a brief hearing at the Dublin district court.
DS Brian Mahon of the Garda Bureau of Fraud Investigation (GBFI), on secondment to the Office of the Director of Corporate Enforcement, told the court that when he arrested Fitzpatrick he cautioned him and asked him if he understood. Fitzpatrick replied: "I do." Mahon told the court that Fitzpatrick replied "no comment" to each of the 16 charges.
His solicitor Michael Staines told the court that when Fitzpatrick became aware the gardai were looking for him he contacted his solicitor and organised to meet them this morning. There was no objection to bail and Fitzpatrick was remanded to appear before the court again on the same day as two other former senior Anglo executives, Willie McAteer and Patrick Whelan, who were charged in court on Monday.
As in their cases, the court also heard the Irish director of public prosecutions has directed that Fitzpatrick should be tried on indictment, which means his case will also be sent forward to the circuit criminal court.
Fitzpatrick is one of the most notorious of a cabal of bankers at Anglo who lent billions to property tycoons and investors including Ireland's one time richest man Sean Quinn. It was Quinn's entry into the global property market courtesy of Anglo Irish Bank loans that brought down his business empire and led to him owing the bank around €2bn (£1.55bn).
Quinn's son is currently being held in a jail in the Irish midlands while a warrant has been issued for the arrest of his nephew Peter Darragh Quinn. All three of them were found guilty last week of contempt of court for failing to provide up to €500bn from properties the now state-owned Anglo Irish Bank alleges they hid in a complex web of investments across the globe.
http://www.guardian.co.uk/business/2012/jul/24/anglo-irish-sean-fitzpatrick-arrested
Sean Fitzpatrick, former head of the now-nationalised bank, charged by Irish police with 16 offences of financia irregularity
Henry McDonald, Ireland correspondent
Tuesday 24 July 2012 13.14 EDT
Irish police have charged Anglo Irish Bank's ex-CEO Sean Fitzpatrick as part of an
investigation into financial irregularities. Photograph: Photocall Ireland
One of the Irish bankers blamed for the Republic's financial and property crash has appeared in court charged with 16 offences of financial irregularity.
Former Anglo Irish Bank chief Sean Fitzpatrick was accused on Tuesday of allowing the bank to give financial assistance to 16 clients that enabled them to buy shares in the financial institution. After facing the charges, related to breaches of the Irish Republic's Companies Act, Fitzpatrick was granted bail to appear in court again on 8 October to have documents served against him.
He was arrested by arrangement at 5.37am on Tuesday morning shortly after he got off a flight at Dublin airport. The 64-year-old was then taken to the Bridewell garda station in central Dublin. He did not speak during a brief hearing at the Dublin district court.
DS Brian Mahon of the Garda Bureau of Fraud Investigation (GBFI), on secondment to the Office of the Director of Corporate Enforcement, told the court that when he arrested Fitzpatrick he cautioned him and asked him if he understood. Fitzpatrick replied: "I do." Mahon told the court that Fitzpatrick replied "no comment" to each of the 16 charges.
His solicitor Michael Staines told the court that when Fitzpatrick became aware the gardai were looking for him he contacted his solicitor and organised to meet them this morning. There was no objection to bail and Fitzpatrick was remanded to appear before the court again on the same day as two other former senior Anglo executives, Willie McAteer and Patrick Whelan, who were charged in court on Monday.
As in their cases, the court also heard the Irish director of public prosecutions has directed that Fitzpatrick should be tried on indictment, which means his case will also be sent forward to the circuit criminal court.
Fitzpatrick is one of the most notorious of a cabal of bankers at Anglo who lent billions to property tycoons and investors including Ireland's one time richest man Sean Quinn. It was Quinn's entry into the global property market courtesy of Anglo Irish Bank loans that brought down his business empire and led to him owing the bank around €2bn (£1.55bn).
Quinn's son is currently being held in a jail in the Irish midlands while a warrant has been issued for the arrest of his nephew Peter Darragh Quinn. All three of them were found guilty last week of contempt of court for failing to provide up to €500bn from properties the now state-owned Anglo Irish Bank alleges they hid in a complex web of investments across the globe.
http://www.guardian.co.uk/business/2012/jul/24/anglo-irish-sean-fitzpatrick-arrested
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