Courts / Wicklow / Report

Trial of former Anglo chairman significantly overrunning, judge tells jury

Summary

The trial of former Anglo Irish Bank chairman Sean FitzPatrick, accused of misleading auditors about multi‑million euro loans, is running significantly over schedule, Judge John Aylmer told the jury. The State alleges that loans taken by FitzPatrick, his wife and family rose from about €10 million in 2002 to roughly €100 million in 2007, and that the amount was artificially reduced for two weeks around the bank's year‑end by short‑term loans from other sources, including Irish Nationwide Building Society, and that these were not disclosed to Ernst & Young auditors, contrary to the 1990 Companies Act. FitzPatrick, 68, pleaded not guilty to 21 charges of making misleading statements to auditors and six charges of furnishing false information between 2002 and 2007.

Who, what, where, when and why

What: Report matter: Trial of former Anglo chairman significantly overrunning, judge tells jury. Charges or matters: 21 charges of making a misleading, false or deceptive statement to auditors and six charges of furnishing false information in the years 2002 to 2007. Procedural stage: trial

When:

• 2002 to 2007 Other
• Christmas Other
• 2016-11-23 Publication

Why: He told the jurors that the case is "overrunning to a significant extent" because of continuing legal argument. CNI source report

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report