Courts / Tipperary / Report
Ex-Anglo exec abandons appeal against conviction for €7bn conspiracy
Summary
Willie McAteer, a former finance director of Anglo Irish Bank, has withdrawn his appeal against a conviction and sentence for a €7 billion conspiracy to mislead the public. McAteer, 65, along with John Bowe (52) and Denis Casey (56), were found guilty by a jury at the Dublin Circuit Criminal Court in July 2016 of conspiring to mislead investors by using interbank loans to inflate Anglo's value by €7.2 billion between 1 March and 30 September 2008. McAteer was sentenced to three‑and‑a‑half years' imprisonment, Bowe to two years, and Casey to two years and nine months. While Bowe and Casey remain ready to pursue their appeals, McAteer's counsel informed the Court of Appeal that his client's appeal had been abandoned. The case had been scheduled for a week‑long hearing beginning 6 March, but the withdrawal means the appeal will not proceed. Willie McAteer pleaded not guilty. John Bowe pleaded not guilty. Denis Casey pleaded not guilty.
Who, what, where, when and why
What: Report matter: Ex-Anglo exec abandons appeal against conviction for €7bn conspiracy. Charges or matters: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008. Procedural stage: appeal
When:
- March 1 Hearing Or Sentence
- September 30, 2008 Hearing Or Sentence
- July 29, 2016 Hearing Or Sentence
- March 6 Hearing Or Sentence
- January 20 Hearing Or Sentence
- 2017-02-10 Publication
Why: Ms McGrath said there may need to be an "urgency" to the three judge court's eventual judgement on the appeal because there were "other trials" in the future. CNI source report
Case subjects
Convicted Person
Charges: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008 (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan sentenced Bowe to two years, McAteer to three-and-a-half years and Casey to two years and nine months imprisonment on July 29, 2016.
Convicted Person
Charges: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008 (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan sentenced Bowe to two years, McAteer to three-and-a-half years and Casey to two years and nine months imprisonment on July 29, 2016.
Appellant
Charges: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008 (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan sentenced Bowe to two years, McAteer to three-and-a-half years and Casey to two years and nine months imprisonment on July 29, 2016.
Places mentioned
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