Three bankers found guilty in €7.2 billion Anglo trial

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

An eleven-member jury returned guilty verdicts against former Anglo executives Willie McAteer and John Bowe and former Irish Life and Permanent chief executive Denis Casey. The proceedings were reported on 9 June 2016.

Peter Fitzpatrick, a former finance director at Irish Life & Permanent, was the fourth defendant. The charge alleged that the four conspired together and with others to mislead investors by setting up a €7.2 billion circular transaction scheme between 1 March and 30 September 2008 to bolster Anglo’s balance sheet. All four had pleaded not guilty.