Prosecution begins setting out case in Anglo trial

//Prosecution begins setting out case in Anglo trial

Prosecution begins setting out case in Anglo trial

Wednesday 05 February 2014 07.20

(L-R) Pat Whelan, Sean FitzPatrick and William McAteer have pleaded not guilty (L-R) Pat Whelan, Sean FitzPatrick and William McAteer have pleaded not guilty

The former chairman of Anglo Irish Bank and two former Anglo executives are due to go on trial today, charged with providing unlawful financial assistance to 16 people to buy shares in the bank.

Sean FitzPatrick, 65, from Greystones in Co Wicklow, 51-year-old Patrick Whelan of Malahide in Dublin and 62-year-old William McAteer of Rathmines in Dublin have pleaded not guilty to the charges.

Mr Whelan has also denied seven charges of being privy to the fraudulent alteration of a loan facility letter.

Fifteen jurors have been sworn in to hear the trial.

The eight men and seven women were told to report to court 19, in the Criminal Courts complex this morning.

When the trial begins, prosecuting lawyers will outline the State’s case. 

Mr FitzPatrick, the former chairman of Anglo, Mr Whelan, the former director of Irish operations and former finance director Mr McAteer all deny providing unlawful financial assistance to 16 people to buy shares in Anglo, in July 2008.

Mr Whelan has also pleaded not guilty to being privy to the fraudulent alteration in October 2008, of seven facility letters relating to loans to purchase Anglo shares.

A list of potential witnesses has already been read out in court.  

They include Seán Quinn, his wife and children, property investors and developers named in the charges, the former financial regulator and former Anglo and Central Bank employees.

The jurors have been told the trial could last until the end of May.

Huge public interest is expected  and an overflow court room with a link to court 19 has been set up.

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By | 2014-02-05T19:37:27+00:00 February 5th, 2014|Headlines|0 Comments