Courts / Dublin / Report
Conspiracy trial jury sent home
Summary
The jury in the Anglo Irish Bank conspiracy trial, which has been in session for 79 days, was sent home for the day after a juror fell ill. The four former executives—John Bowe, Willie McAteer, Denis Casey and Peter Fitzpatrick—are accused of conspiring to mislead investors about Anglo's financial health by creating a €7.2 billion circular transaction scheme between March and September 2008. The scheme allegedly involved Anglo lending money to Irish Life & Permanent (ILP), which then returned the money through its assurance arm, Irish Life Assurance, to Anglo. The prosecution claims the deposits were treated as customer deposits to inflate Anglo's balance sheet from €44 billion to €51 billion, a 16 % increase. The defendants maintain the deposits were legitimate and were correctly recorded, and that they had no intention to defraud the public. The jury will resume deliberations tomorrow at 10 am. Peter Fitzpatrick pleaded not guilty.
Who, what, where, when and why
What: Report matter: Conspiracy trial jury sent home. 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 Other
- September 30th, 2008 Other
- December 3rd 2008 Other
- 2016-05-23 Publication
Case subjects
Defendant
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
- Dublin
- Dublin Circuit Criminal Court
- Dublin
- Tipperary Town
- Tipperary
- Convent Lane
- Portmarnock
Topics
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