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"Extraordinary" that former chairman is not on trial, Anglo jury told

Summary

In a Dublin Circuit Criminal Court hearing, a jury was informed that former Anglo Irish Bank chairman Sean FitzPatrick was not a defendant in the case. Brendan Grehan SC defended Tiarnan O'Mahoney, former chief operations officer, who, along with former company secretary Bernard Daly and former assistant manager Aoife Maguire, pleaded not guilty to seven counts of conspiracy to defraud Revenue. The prosecution alleged that the trio concealed or omitted accounts linked to FitzPatrick from the bank's Core Banking System and from documents supplied to Revenue during an investigation into bogus non‑resident accounts potentially liable for Deposit Interest Retention Tax. Grehan argued that there was no evidence of loss to Revenue, no evidence that O'Mahoney knew the details of the accounts, and that FitzPatrick's alleged motive was to avoid future scrutiny as he moved from CEO to chairman.

Who, what, where, when and why

What: Report matter: "Extraordinary" that former chairman is not on trial, Anglo jury told. Charges or matters: seven counts at Dublin Circuit Criminal Court; conspiracy to defraud Revenue. Procedural stage: trial

When:

• 2015-07-24 Publication

Why: He suggested that the reason Mr FitzPatrick wanted to conceal the accounts may have been because he was moving from the position of CEO to chairman and he wanted to make sure there were no matters which could return to haunt him later, such as allegations of insider trading. CNI source report

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report