Courts / Dublin / Report

Senior Revenue official tells trial he had "serious concerns" about Anglo's disclosure of non-resident accounts

Summary

During a 2015 trial, a senior Revenue official testified that he had serious concerns in 2003 about Anglo Irish Bank's disclosure of non‑resident accounts, noting that earlier statements about no DIRT‑liable accounts were inaccurate. The case involved three former bank officials—Tiarnan O'Mahoney, Bernard Daly, and Aoife Maguire—who pleaded not guilty to seven counts of hiding or omitting accounts linked to former chairman Sean FitzPatrick between 2003 and 2004. Anglo had reached a DIRT settlement with Revenue in 2004 after discovering many non‑resident accounts. The trial also heard that Revenue had offered amnesty to bogus account holders, leading to customers coming forward. Evidence from Revenue auditors highlighted discrepancies in the bank's records, including a missing account for John Peter O'Toole, a relative of FitzPatrick. The trial proceeded before Judge Patrick McCartan and a jury of twelve.

Who, what, where, when and why

What: Report matter: Senior Revenue official tells trial he had "serious concerns" about Anglo's disclosure of non-resident accounts. Charges or matters: seven counts at Dublin Circuit Criminal Court. Procedural stage: trial

When:

• January 2003 Other
• 2003 and 2004 Other
• 1990 and 1995 Other
• 1995 and 1999 Other
• 2015-07-16 Publication

Why: " He said he initially had serious concerns because Anglo had said things previously that proved to be untrue referring to the claim in 1999 that it held no DIRT liable off-shore accounts. CNI source report

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report