Courts / Dublin / Report
Jury begin deliberating in longest running trial in Irish legal history
Summary
In the longest‑running Irish trial, four former Anglo Irish Bank and Irish Life & Permanent executives—Peter Fitzpatrick (63), Denis Casey (56), John Bowe (52) and Willie McAteer (65)—are accused of conspiring to mislead investors by creating a €7.2 billion circular transaction scheme between March and September 2008. The scheme allegedly involved Anglo lending money to ILP, which returned it via Irish Life Assurance, with the deposits treated as customer deposits to inflate Anglo's balance sheet from €44 bn to €51 bn. The prosecution argues the scheme was dishonest and intended to mislead the public, while the defence claims the defendants authorised the transactions in good faith and were not personally profiting. Judge Martin Nolan outlined the legal issues, emphasising that the jury must be satisfied beyond reasonable doubt that the scheme was dishonest and that each defendant was involved before any conviction can be made. The trial is ongoing. The unnamed accused pleaded not guilty.
Who, what, where, when and why
What: Report matter: Jury begin deliberating in longest running trial in Irish legal history. Charges or matters: conspiring together and with others to mislead investors by setting up a €7.2 billion circular transaction scheme between March 1st and September 30th, 2008 to bolster Anglo's balance sheet. Procedural stage: trial
When:
- March 1st Hearing Or Sentence
- September 30th, 2008 Hearing Or Sentence
- December 3rd 2008 Other
- February 2008 Other
- September 2008 Other
- 2016-05-17 Publication
Case subjects
Accused
Charges: conspiring together and with others to mislead investors by setting up a €7.2 billion circular transaction scheme between March 1st and September 30th, 2008 to bolster Anglo's balance sheet (Alleged Or Contested)
Plea: Not guilty
Places mentioned
- Convent Lane
- Portmarnock
- Dublin
- Tipperary Town
- Tipperary
- Dublin
- Dublin Circuit Criminal Court
Topics
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