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Former Anglo chief Sean FitzPatrick arrested in early morning swoop

Fraud squad detectives quiz notorious banker

CATHAL DERVAN,

IrishCentral Staff Writer

Published Friday, December 9, 2011, 7:49 AM

Updated Friday, December 9, 2011, 1:17 PM

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Disgraced banker Sean FitzPatrick has been arrested in an early morning swoop at his Wicklow home.

Photo by Google Images

Disgraced banker Sean FitzPatrick has been arrested in an early morning swoop at his Wicklow home.

The former Anglo Irish Bank chief executive was taken from his Bray address at 8am on Friday morning.

Police escorted FitzPatrick to the nearby Wicklow station where he is being questioned in the investigations into irregularities at Anglo.

Detectives from the Garda Bureau of Fraud Investigation are holding FitzPatrick under section 4 of the Criminal Justice Act 1984. He can be questioned for up to 24 hours.

After previously arresting FitzPatrick in 2010, police had to obtain a warrant for his second arrest from the local district court.

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The Garda (police) Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement are investigating financial irregularities at Anglo Irish Banks in the 18 months before its collapse.

The Irish taxpayer is expected to fork out over $50billion before the Anglo bail-out is complete. The bank has since been rebranded as the Irish Bank Resolution Corporation.

Directors' loans and a seven billion Euro deposit transfer between Anglo and Irish Life & Permanent are at the heart of police investigations.

FitzPatrick is the second senior Anglo official to be arrested recently. Former Finance Director Willie McAteer was questioned by detectives early last month.

Nster.com

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9 Comments

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gobdawpaddy | Dec 11, 2011, 08:46 AM EST

During a visit to Ireland a week ago I listened to a segment on the radio show, 'The Right Hook'. George's guest was Eddie hobbs and the discussion was on the traditional 'bully' that shows up on forums such as IC, you know the posters who you can picture with smoke coming out their ears and saliva spewing from their mouth as their fingers pound the keyboard when a poster has the audacity to have an alternative opinion to theirs. The name calling starts and they engage in repetitive posts when they are unable to draw the subject of their anger into the fray. Mr. Hobbs was of the opinion that people like this are 'psychologically deficient'. He opined that people such as this are probably posting from a cold, dark room, their fingers sore from pounding at the keyboard. Until the Beano launches a discussion forum I guess we are stuck with Peter, but no worries lad, I read where there is currently a suggestion that the Irish government introduce lithium into the water supply in Ireland. This should help you mellow out and assist with your anger management issues. They also have this pill 'Viagra' that might help your other issues.

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sirpeter | Dec 10, 2011, 09:38 PM EST

Good old Gobshite.You can always trust him to be either an idiot,wrong or just plain pedantic.

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greensod | Dec 10, 2011, 01:06 PM EST

gobdawpaddy:What I heard on RTE,was arrest by appointment,looks like you got it right. I did not know it was possible to make an oppointment to be arrested.No wonder Ireland let all the crooks of the hook,they havent made an appointment to be arrested.Go figure.

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gobdawpaddy | Dec 10, 2011, 12:27 AM EST

Good Lord, at least in the interests of profesional journalism IC might try and get it right instead of the sensationalism of the National Enquirer. There was no 'early morning swoop' or 'him being taken from his Bray home'. Accounts on Irish TV say he surrendered to gardai at the 'pre arranged destination of Bray garda station.

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KevinKehoe | Dec 09, 2011, 01:54 PM EST

One down, about 50 more of his kind to go, oh, and not forgetting the Fianna Fail gangters who were just as guilty.

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greensod | Dec 09, 2011, 01:17 PM EST

Forget the questions,start the jail term,turn all his assets over to the Irish people including all his off shore bank accounts.Good for the Garda,make sure to job is finished.You have many more of these crooks to put the bracelets on.

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giddyfiddles | Dec 09, 2011, 10:17 AM EST

Hand him over to the Germans" and Mr "Teacosy" they will know what to do with him........

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bunkerisland | Dec 09, 2011, 09:39 AM EST

Empty his personal bank accounts in the Cayman Islands, Bermuda, wherever.

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BARNEYKX | Dec 09, 2011, 07:54 AM EST

lock him up and throw away the key ,he will soon cough up then

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