Peter Fitzpatrick denied conspiracy in €1bn bank deal

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

Peter Fitzpatrick denied conspiring to mislead investors at Dublin Circuit Criminal Court, reported on 4 May 2016. He had pleaded not guilty to the charge concerning financial transactions between March and September 2008.

The court heard that Anglo Irish Bank placed €1 billion with Irish Life & Permanent, while €750 million was placed overnight in Anglo by ILP through Irish Life Assurance. Fitzpatrick said he could not have proceeded without approval from his chief executive.

The trial continued before Judge Martin Nolan and a jury, with the judge saying it would be finished by 25 May 2016.