Courts / Dublin / Report
Anglo/ILP trial in legal argument
Summary
The trial of four senior bankers accused of manipulating Anglo Irish Bank's balance sheets continued in legal argument at Dublin Circuit Criminal Court. The accused are William McAteer, Denis Casey, Peter Fitzpatrick, and John Bowe. They are alleged to have conspired together and with others to mislead investors through financial transactions, specifically using interbank loans to make the bank appear €7.2 billion more valuable than it was between March 1st and September 30th, 2008. All four men have pleaded not guilty to the charges. The defendants include former Irish Life and Permanent (ILP) CEO Denis Casey, Anglo Irish Bank's former Head of Finance Willie McAteer, former ILP director of finance Peter Fitzpatrick, and former Anglo head of capital markets John Bowe. The matter is currently at the trial stage before Judge Martin Nolan and a jury. No findings, sentences, or finalisations have been recorded. The trial was adjourned and will resume in evidence the following day.
Who, what, where, when and why
What: Report matter: Anglo/ILP trial in legal argument. 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; conspiring to mislead investors. Procedural stage: trial
When:
- March 1st Hearing Or Sentence
- September 30th, 2008 Hearing Or Sentence
- 2016-03-01 Publication
Case subjects
Accused
Charges: conspiring to mislead investors (Alleged Or Contested)
Plea: Not guilty
Accused
Charges: conspiring to mislead investors (Alleged Or Contested)
Plea: Not guilty
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 (Alleged Or Contested)
Plea: Not guilty
Accused
Charges: conspiring to mislead investors (Alleged Or Contested)
Plea: Not guilty
Places mentioned
- Dublin
- Dublin Circuit Criminal Court
Topics
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'
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request