Courts / Dublin / Report

Jury in trial of four former bankers to resume deliberations tomorrow

Summary

The jury in the trial of four former Anglo Irish Bank and Irish Life & Permanent executives, accused of conspiracy to defraud in 2008, was sent home after just over three hours of deliberation and will resume on Thursday. The defendants—Peter Fitzpatrick (63), Denis Casey (56), John Bowe (52) and Willie McAteer (65)—all pleaded not guilty to conspiring to mislead investors by creating a €7.2 billion circular transaction scheme between March 1 and September 30, 2008. The scheme involved Anglo lending money to ILP, which returned it via Irish Life Assurance, making the deposits appear as customer deposits and inflating Anglo's balance sheet from €44 bn to €51 bn. The prosecution presented 545 exhibits, including transcripts of telephone calls, and the jury received a laptop and USB keys with searchable indexes. The trial, now the longest criminal trial in Irish history, will continue with a 12‑member jury after a ballot reduced the enlarged jury of 13.

Who, what, where, when and why

What: Report matter: Jury in trial of four former bankers to resume deliberations tomorrow. Procedural stage: trial

When:

• March 1st Hearing Or Sentence
• September 30th, 2008 Hearing Or Sentence
• December 3rd 2008 Other
• 2016-05-18 Publication

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report