Ciaran McArdle testified in Anglo investor conspiracy trial

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Ciaran McArdle testified about an alleged conspiracy to mislead investors at Dublin Circuit Criminal Court, reported on 22 February 2016.

The Anglo dealer told the jury that the bank transferred €1bn tranches to Irish Life and Permanent before the money returned to Anglo. He said the transactions were intended to make the bank’s balance sheet look stronger, while the four accused bankers denied conspiring to mislead investors.

The trial continued before Judge Martin Nolan and a jury.