'Wheels came off': Head of State corporate watchdog says lessons learned after failures in Anglo trial
Ian Drennan was addressing the Oireachtas Business committee this evening.
Your contributions will help us continue to deliver the stories that are important to you
Ian Drennan was addressing the Oireachtas Business committee this evening.
Detective chief superintendent Pat Lordan said Drumm’s sentencing has come at the “end of a long road for An Garda Síochána”.
The sentencing comes after one of the longest trials in the history of the State.
They will deliberate for a third day tomorrow.
The jury will continue deliberations tomorrow in the former Anglo CEO’s trial.
Counsel for the former Anglo CEO was making closing arguments today.
Today was the 30th day of the trial of former Anglo Irish Bank CEO David Drumm.
Asked if he would be celebrating tonight FitzPatrick told the press pack: “That was last night”.
The Office of the Director of Corporate Enforcement led the investigation.
The trial, which has been running since September, has yet to pass the hearing of allegations stage.
Denis Casey, William McAteer and John Bowe were found guilty of conspiracy to defraud last month.
He had been due to go on trial for 27 offences in October. It’ll now happen in May.
This was the week in business.
The two were found guilty in April, but sentencing was adjourned to assess their suitability for community service.
No jail time for convicted Anglo pair because Judge Nolan believes they were led into ‘error and illegality’ by the Financial Regulator? Well, the Anglo Tapes tell a very different story.
Central Bank governor says he told the Government of his concerns over protections for mortgage holders.
Pat Whelan and Willie McAteer will now be assessed for suitability for community service.
Meanwhile, a Labour TD is far from pleased as the initial reaction to the decision not to jail the Anglo executives rolls in.
Pat Whelan and Willie McAteer were convicted 11 days ago of providing the illegal loans to the ‘Maple 10′ developers so they could buy shares in Anglo.
Anglo’s former lawyer told today’s sentencing hearing that he he did not know that the bank were intending to lend to the ‘Maple 10′ developers.
Willie McAteer and Pat Whelan will find out today if they are to face a jail term.
A parliamentary inquiry into the banking crisis could kick off by the end of this year.
The spotlight over the past seven days was on the seven women and five men who were to decide whether to convict three of Ireland’s former bankers on charges relating to illegal loans.
Pat Whelan and Willie McAteer found guilty of giving loans to the Maple 10 but not guilty in relation to dealings with the Quinn family.
The charges carry a penalty of up to five years in prison and/or a fine of up to €30,000 per offence.
Yesterday, former CEO and Chairman of Anglo Irish Bank Sean FitzPatrick was found not guilty on all charges.
Everyone’s talking about Sean FitzPatrick being found not guilty.
FitzPatrick did not react as the verdict was read out but read a statement to reporters outside the courtroom.
FitzPatrick also spoke about the “six years of great personal difficulty” he had endured.
The jury has been deliberating since Friday afternoon.
In total, the jury have been deliberating for eleven hours.
Today is day 45 of the trial which has heard evidence from 54 witnesses.
The jury deliberated for six hours yesterday and will resume this morning.
It was the first full day of deliberations in the trial of three former senior executives of Anglo Irish Bank.
The jury were urged by Judge Martin Nolan to have the “moral courage” to decide the case purely on fact.
Everyone’s been talking about Angela Kerins, the Anglo trial, and President Higgins…
The jury was directed to find two of the former executives not guilty on a number of accounts.