Courts / Dublin / Report

Anglo-ILP trial "on the home stretch"

Summary

The trial of four former Anglo Irish Bank and Irish Life & Permanent executives for conspiracy to defraud has entered its final phase. John Bowe, Willie McAteer, Denis Casey and Peter Fitzpatrick, all pleading not guilty, are accused of orchestrating a €7.2 billion circular transaction scheme between 1 March and 30 September 2008 to inflate Anglo's year‑end balance sheet. The scheme involved moving money through a series of corporate deposits that were presented as legitimate bank deposits, thereby misleading investors, depositors and lenders who relied on the published accounts. The prosecution, led by DPP counsel Una Ní Raifeartaigh, argued that the executives knowingly implemented the transactions with the intent to deceive. The jury, after hearing the state's case, will deliberate on the evidence presented by the defendants' lawyers. The trial is scheduled to conclude with closing speeches and a final verdict.

Who, what, where, when and why

What: Report matter: Anglo-ILP trial "on the home stretch". Charges or matters: conspiracy to defraud. Procedural stage: trial

When:

• March 1st Hearing Or Sentence
• September 30th, 2008 Hearing Or Sentence
• December 2008 Other
• September 2008 Other
• 2016-05-10 Publication

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report