Courts / Dublin / Report

Former Anglo COO and chairman got $1.2 million loan for share deal, trial hears

Summary

The trial of former Anglo Irish Bank officials Tiarnan O'Mahoney, Bernard Daly, and Aoife Maguire continues before Judge Patrick McCartan and a jury. The three accused, who have all pleaded not guilty to seven alleged offences committed in 2003 and 2004, are charged with attempting to hide bank accounts from the Revenue in an alleged tax evasion scheme. Specifically, Mr. Daly and Mr. O'Mahoney deny omitting the name of John Peter O'Toole from a list provided to the Revenue Commissioners, while Mr. O'Mahoney and Ms. Maguire deny attempting to delete six other accounts connected to former chairman Sean FitzPatrick from the bank's Core Banking System. On day ten, former fraud officer Patrick Peake testified that Mr. O'Mahoney and Mr. FitzPatrick jointly received a US$1.2 million bridging loan in 1997 to fund a share deal. Mr. Peake also presented evidence that details on several closed accounts, including Lock Ltd/Susie Ltd and Carnahalla Ltd, were altered on the internal computer system years after closure. He noted that Mr. FitzPatrick's name was removed from a Triumvirate Properties Ltd account record between 2003 and 2012. The trial is ongoing, with Mr. Peake's evidence continuing before the court.

Who, what, where, when and why

What: Report matter: Former Anglo COO and chairman got $1.2 million loan for share deal, trial hears. Charges or matters: seven alleged offences committed in 2003 and 2004. Procedural stage: trial

When:

• December 2001 Other
• April 2004 Other
• 2003 and 2004 Other
• 2003 and 2012 Other
• 2015-06-30 Publication

Why: Mr Peake explained that this is adjacent to Anglo's headquarters which occupies 18-21 St Stephen's Green. CNI source report

Case subjects

Places mentioned

Topics

Fraud Stage Trial

Related court reports

• Man charged with having 56k child abuse images and videos remanded on bail
• Ex-Dáil hopeful's allegations against former employer 'complete fantasy', WRC told
• Mater must pay €10k to worker who said he was wrongly accused of abusing patient
• 'I think we know I won't be getting bail' - Daniel Kinahan charged with directing criminal organisation
• Letting agent who claimed alleged domestic violence victim abandoned tenancy by fleeing to refuge must pay €14.7k
• 77-year-old with 470 convictions told Luas staff to 'f**k off'

Read the original CNI report