\"Former

Former Anglo Irish Bank boss Sean FitzPatrick Photo by: Google Images

Anglo Irish boss Sean FitzPatrick arrested as he steps off USA flight in Dublin

\"Former

Former Anglo Irish Bank boss Sean FitzPatrick Photo by: Google Images

Disgraced Anglo Irish Bank Sean FitzPatrick has been arrested in Dublin and faces fraud charges and a possible jail sentence.

The banker accused of bringing down the Celtic Tiger economy has been arrested in connection with alleged financial irregularities at the bank.

FitzPatrick was arrested at dawn at Dublin Airport as he arrived back on a flight from the USA.

His detention follows the arrest of two senior former Anglo executives on Monday.

The Irish Times website reports that FitzPatrick was detained at Dublin Airport by officers attached to the Office of the Director Corporate Enforcement.

He will appear before Dublin District Court to answer 16 charges of providing unlawful financial assistance in July 2008.

The report states that the charges relate to loans provided by Anglo to a group of investors and the family of former billionaire Sean Quinn to buy shares in the bank.

The businessmen have become known as the Maple 10.

FitzPatrick’s Anglo made the loans available to prop up its share price and maintain public confidence in the bank.

The 16 charges relate to loans advanced to the 10 businessmen and five Quinn children – Seán jnr, Colette Marie, Aoife, Brenda and Ciara – between July 10th and 17th, 2008, and to Patricia Quinn between July 17th and 30th, 2008.

The 10 businessmen are Paddy McKillen, Séamus Ross, Brian O’Farrell, John McCabe, Gerard Maguire, Patrick Kearney, Gerard Conlon, Gerard Gannon, Seán Reilly and Joseph O’Reilly, according to filings to the court.

FitzPatrick could face up to five years in jail for each charge if convicted.

Fellow executives Willie McAteer and Pat Whelan were also charged with the same offences as FitzPatrick and have already appeared in court.
 

COMMENTS

Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:


Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


You already have an account on IrishCentral! Please confirm you're the owner.


Our new policy requires our users to save a first and last name. Please update your account: