Four bankers on trial for conspiracy to mislead investors

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

Peter Fitzpatrick, John Bowe, Willie McAteer and Denis Casey were on trial for conspiracy to mislead investors at Dublin Circuit Criminal Court, reported on 11 April 2016.

The four men had pleaded not guilty over alleged financial transactions involving a €7.2 billion circular scheme.

The trial heard evidence about Anglo Irish Bank’s accounting treatment of transactions involving Irish Life & Permanent.

A senior Anglo accountant described discovering different accounting treatments as not a good moment for him.

The trial continued before Judge Martin Nolan and a jury.