Denis Casey convicted of conspiracy to mislead investors

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Denis Casey was convicted of conspiring to mislead investors in a €7.2 billion transaction. The jury returned guilty verdicts against the former Irish Life & Permanent chief executive and former Anglo Irish Bank executives Willie McAteer and John Bowe. The proceedings were reported on 9 June 2016.

The trial centred on transactions between the two institutions that the State said had no commercial substance and were intended to deceive. The conspiracy charge concerned a circular transaction scheme between 1 March and 30 September 2008 to bolster Anglo’s balance sheet.

Denis Casey, Willie McAteer, John Bowe and former ILP finance director Peter Fitzpatrick had all pleaded not guilty to conspiring together and with others to mislead investors.