Courts / Dublin / Report

State concludes evidence in Anglo-ILP conspiracy trial

Summary

The State has finished presenting its evidence in the Anglo‑ILP conspiracy trial, where four former bank executives—Peter Fitzpatrick (63), Denis Casey (56), John Bowe (52) and Willie McAteer (65)—were accused of conspiring to mislead investors by arranging a seven‑billion‑euro circular transaction scheme to inflate Anglo Irish Bank's balance sheet. The defendants pleaded not guilty to conspiracy charges relating to financial transactions between 1 March and 30 September 2008. On day 67, the Director of Public Prosecutions informed Judge Martin Nolan that the State's case was complete, and the trial moved to the legal argument stage. The prosecution's case centred on back‑to‑back deals between Anglo and Irish Life & Permanent (ILP) aimed at boosting Anglo's deposits figure for its year‑end accounts.

Who, what, where, when and why

What: Report matter: State concludes evidence in Anglo-ILP conspiracy trial. Charges or matters: conspiring together and with others to mislead investors through financial transactions 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
• September 30, 2008 Other
• November 2013 Other
• January 2009 Other
• 30 September 2008 Other
• 2016-05-05 Publication

Why: The State's case is that the four accused were involved in back to back deals between Anglo and Irish Life & Permanent (ILP) to coincide with Anglo's end of year balance sheet date on September 30, 2008 in order to inflate Anglo's deposits figure for their annual accounts. CNI source report

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report