Courts / Dublin / Report

Trial over alleged €7.2 billion conspiracy delayed

Summary

The trial of former Anglo Irish Bank and Irish Life and Permanent executives, including Denis Casey, Willie McAteer, Peter Fitzpatrick and John Bowe, has been postponed to the following Wednesday. The defendants are charged with conspiring to mislead investors by using interbank loans to inflate Anglo's value by €7.2 billion between 1 March and 30 September 2008. They have all pleaded not guilty. An expanded jury of 15 was sworn in at Dublin Circuit Criminal Court and the case is expected to last about five months. The hearing will feature testimony from 14 Garda Bureau of Fraud Investigation officers, former Anglo staff and employees of Morgan Stanley, Royal Bank of Scotland and RBC Capital Bank London. The trial will proceed after the jury's rescheduled return.

Who, what, where, when and why

What: Report matter: Trial over alleged €7.2 billion conspiracy delayed. Charges or matters: conspiring together and with others to mislead investors through financial transactions to make the bank appear €7.2 billion more valuable that it was between March 1st and September 30th, 2008 in Dublin. Procedural stage: trial

When:

• March 1st Hearing Or Sentence
• September 30th, 2008 Hearing Or Sentence
• 2016-01-15 Publication

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