Courts / Wicklow / Report

Potential "conflict of interest" in internal Anglo investigation, trial hears

Summary

The trial of three former Anglo Irish Bank officials—Bernard Daly, Tiarnan O'Mahoney and Aoife Maguire—has focused on alleged attempts to hide offshore accounts linked to former chairman Sean FitzPatrick. The prosecution claims the trio tried to delete references to two accounts in the name of FitzPatrick's brother‑in‑law, John Peter O'Toole, from the bank's Core Banking System, and also omitted O'Toole's name from a list of non‑resident account holders for the Revenue. O'Mahoney and Maguire deny deleting six other FitzPatrick‑related accounts. Walter Tyrell, former Head of Group Internal Audit, testified that he was asked to investigate director loans and later became aware of the archiving issue, raising it with the new chairman in 2010. He noted that the bank's fraud officer, Patrick Peak, led the investigation, raising concerns about a potential conflict of interest. The case remains in legal argument, with the judge urging the jury to focus on the facts presented. Aoife Maguire pleaded not guilty.

Who, what, where, when and why

What: Report matter: Potential "conflict of interest" in internal Anglo investigation, trial hears. Charges or matters: seven alleged offences committed in 2003 and 2004. Procedural stage: trial

When:

• March 2010 Other
• 2003 and 2004 Other
• 2015-06-16 Publication

Case subjects

Places mentioned

Topics

Fraud Stage Trial

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Read the original CNI report