Willie McAteer abandons appeal over €7bn conspiracy

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

Willie McAteer abandoned his appeal against his conviction and three-and-a-half-year sentence for conspiring to mislead the public at the Court of Appeal on 10 February 2017. The scheme involved using interbank loans to make Anglo Irish Bank appear €7.2 billion more valuable, according to the report.

McAteer, the former finance director of Anglo Irish Bank, had been convicted with John Bowe and Denis Casey after an 89-day trial. Judge Martin Nolan sentenced McAteer on 29 July 2016, while appeals by Bowe and Casey remained due to proceed.