Courts / Dublin / Report
€7.2 billion conspiracy trial begins
Summary
The Circuit Criminal Court began a trial on 20 January 2016 involving four former executives from Anglo Irish Bank and Irish Life and Permanent. The defendants – William McAteer (65), Denis Casey (56), Peter Fitzpatrick (63) and John Bowe (52) – are accused of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2 billion more valuable between 1 March and 30 September 2008. They pleaded not guilty. The case will hear from dozens of witnesses, including 14 Garda Bureau of Fraud Investigation members and former employees of Anglo, ILP, Morgan Stanley, Royal Bank of Scotland and RBC Capital Bank. The trial is expected to last about five months before a jury of fifteen, sworn two weeks earlier, will decide the matter. The prosecution, represented by Paul O'Higgins SC, will open the proceedings before Judge Martin Nolan.
Who, what, where, when and why
What: Report matter: €7.2 billion conspiracy trial begins. 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
- March 1 Other
- September 30, 2008 Other
- 2016-01-20 Publication
Case subjects
Accused
Charges: 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 (Alleged Or Contested)
Plea: Not guilty
Places mentioned
- Circuit Criminal Court
Topics
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