Courts / Tipperary / Report

Former Anglo finance director pleads guilty to €8m loan fraud

Date
2016-12-19
Stage
Sentence
Primary locality
Tipperary Town
County
Tipperary

Summary

Willie McAteer, former finance director of Anglo Irish Bank, pleaded guilty in Dublin Circuit Criminal Court to fraudulently obtaining an €8,426,307 loan on 29 September 2008, secured solely on his shares in the bank. He used the money to repay a personal loan from Bank of Ireland. The indictment alleges breach of section 297 of the Companies Act, 1963, for knowingly facilitating a fraudulent loan to himself. Judge Melanie Greally allowed McAteer to remain on bail with prosecution consent and set a sentencing date for 12 January 2017.

Who, what, where, when and why

What: Report matter: Former Anglo finance director pleads guilty to €8m loan fraud. Charges or matters: fraudulently obtaining an €8 million loan from the bank. Procedural stage: sentence

When:

Case subjects

Willie McAteer

Defendant

Charges: fraudulently obtaining an €8 million loan from the bank (Admitted)

Plea: Guilty

Outcome: Judge Melanie Greally allowed McAteer to remain on bail with the consent of the prosecution and set a sentence date for January 12, 2017.

Places mentioned

Court Venue
  • Dublin
  • Dublin Circuit Criminal Court

Topics

Fraud Stage Sentence

Related court reports

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