Courts / Dublin / Report

Loans to Sean FitzPatrick were temporarily paid back at year end, Anglo trial hears

Date
2015-07-02
Stage
Trial
Primary locality
Dublin
County
Dublin

Summary

During a trial at Dublin Circuit Criminal Court, three former Anglo Irish Bank officials—Bernard Daly, Tiarnan O'Mahoney, and Aoife Maguire—were accused of temporarily repaying loans to former chairman Sean FitzPatrick to make the bank's year‑end accounts appear healthier. Evidence showed that in September 1998 an IR£196,000 loan from the Sean FitzPatrick/Crohan O'Shea Trust was moved into an internal Anglo staff‑loan account called SRLADV, and similar amounts were later returned to the original accounts on 6 October. The same pattern was alleged to have occurred in September 1999 and 2000. The defendants denied deleting references to accounts linked to FitzPatrick's brother‑in‑law, John Peter O'Toole, from the bank's Core Banking System and from a list of non‑resident accounts over €100,000 in 1995. The case remains before Judge Patrick McCartan and a jury of twelve. Aoife Maguire pleaded not guilty.

Who, what, where, when and why

What: Report matter: Loans to Sean FitzPatrick were temporarily paid back at year end, Anglo trial hears. Charges or matters: seven alleged offences committed in 2003 and 2004. Procedural stage: trial

When:

Why: " Mr Peake explained that this was an account run by the bank's human resources department. CNI source report

Case subjects

Aoife Maguire

Accused

Charges: seven alleged offences committed in 2003 and 2004 (Alleged Or Contested)

Plea: Not guilty

Sean FitzPatrick

Accused

Charges: seven alleged offences committed in 2003 and 2004 (Alleged Or Contested)

Places mentioned

Court Venue
  • Dublin
  • Dublin Circuit Criminal Court
Residence

Topics

Stage Trial

Related court reports

Read the original CNI report

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