Courts / Wicklow / Report
Trial hears former Anglo chairman borrowed millions to invest in hotels, oil refineries
Summary
The trial of former Anglo Irish Bank chairman Seán FitzPatrick, aged 68, heard that he borrowed millions from 2002 to 2007 to invest in hotels, property syndicates and oil refinery projects. The State alleged that the loans taken by FitzPatrick, his wife Triona and family members rose from about €10 million in 2002 to roughly €100 million in 2007, and that the amounts were artificially reduced for two weeks around the bank's year‑end statement by short‑term loans from other sources, including Irish Nationwide Building Society. FitzPatrick pleaded not guilty to 27 offences under the 1990 Companies Act, including 22 charges of misleading auditors and five charges of furnishing false information between 2002 and 2007.
Who, what, where, when and why
What: Report matter: Trial hears former Anglo chairman borrowed millions to invest in hotels, oil refineries. Charges or matters: 27 offences under the 1990 Companies Act. Procedural stage: trial
When:
- April 2005 Hearing Or Sentence
- June 30, 2006 Other
- May 14, 2008 Other
- November 2007 Other
- 2002 to 2007 Other
- 2017-01-17 Publication
Case subjects
Accused
Charges: 27 offences under the 1990 Companies Act (Alleged Or Contested)
Plea: Not guilty
Places mentioned
Topics
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