Former Anglo Irish banking chiefs arrested

Three of Ireland's top bankers charged with criminal offenses

He is due in court again on October 8, the same day as McAteer and Whelan will appear in court again.    

They appeared at the same court on Monday. McAteer, 61, of Rathgar, Co. Dublin, was Anglo’s former finance director and second highest-ranking executive after chief executive Drumm.  

Whelan, 50, of Malahide, Co. Dublin, is a former Anglo board member and managing director of Anglo’s Irish business.

The court heard that neither gave an answer to detectives when the 16 charges were read out to them. Both were given bail.

McAteer handed in his passport to court officials and must give 48 hours’ notice if he plans to change address.

Whelan’s solicitor said Gardai had accepted he was not a “flight risk” and were not looking for his passport. He agreed to sign on once a week at his local Garda station in Malahide.

He works during the week in London and was ordered to give 48 hours’ notice if he travels anywhere else outside Ireland,

When the three appear in court again in October books of evidence will be presented, and it is expected a date will be set for a trial before a judge and jury in the higher Dublin Circuit Criminal Court.

Anglo was nationalised at a cost of about €30 billion to Irish taxpayers and renamed Irish Bank Resolution Corporation Limited (IBRC) under its state ownership.

As chief executive and then chairman, Fitzpatrick built Anglo as what at one time appeared to be one of the biggest success stories of Ireland’s boom years.

However, Anglo was badly exposed by the bursting of Irish property bubble and suffered the largest corporate loss in the history of the Republic of Ireland.

FitzPatrick stepped down from his position in December 2008, a month before Anglo had to be bailed out by the state.

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Nster.com