Trial date for disgraced Anglo Irish Bank boss Sean FitzPatrick set for next January
FitzPatrick stands to face 16 charges
Sean FitzPatrick, the former chief executive of the now defunct Anglo Irish Bank, will not stand trial until next January for his alleged crimes.
RTE reports that FitzPatrick, as well as former finance director Willie McAteer and former managing director in Ireland Patrick Whelan, are all due to stand trial on January 13 with 16 charges amongst them under the Companies Act.
The trio is accused of unlawfully permitting Anglo to give financial assistance to high profile investors of the bank to enable them to buy shares in the bank.
Reuters reports that FitzPatrick was separately charged for “keeping auditors in the dark over billions of euros of loans that he borrowed, and are also investigating whether deposits from another lender were used to mask large withdrawals at the bank.”
The “casino-style” lending is blamed for the epic collapse of Ireland’s Celtic Tiger, and pushing the country into the $114 billion EU-IMF bailout.
Last Thursday, a Dublin High Court gave investigators a year to complete the probe, which began in 2009.
The Circuit Criminal Court heard that as many as 24 million documents have to be considered before the trial can begin.
Una Ni Raifeartaigh, the prosecuting counsel, said the materials being presented to the defense need to be culled and organized, not just supplied. The defense also needs adequate time to absorb the materials provided.
Judge Mary Ellen Ring set a trial date of 13 January next year and said if it cannot be done by then it says something about the system. Judge Ring also said that the trial is expected to last at least three months.
Senior Counsel Brendan Grehan, who is representing Pat Whelan, said, "It will be considerably more complex than any previous case.”
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I don't know, have I missed something here? When Jefferson says that, "Government is best which governs least" Isn't that saying that democrIrish drugs mule to escape full trial and benefit from early release in Peru
I'm not sure i agree higginsmh, if they were cocky and dumb enough to do it once, wouldnt surprise me if they try some other stupid stunt next. TheyTop Christmas Irish ads that will be bring a tear to your eye (VIDEOS)
The song "Make Someone Happy" on the Vodafone commercials sounds like it is being sung by the late great Jimmy Durante.Nelson Mandela was against IRA decommissioning its arms during 2000 talks
Eiriamach - Absolutly. However, Mandala was wrong, as the IRA were achieving nothing and had no prospect of ever uniting Ireland, such was the general