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Seán FitzPatrick charged in connection with alleged Anglo financial irregularities

The former chairman and chief executive of Anglo Irish Bank has been charged with 16 offences related to alleged fraud at the bank.

Seán FitzPatrick leaves court in Dublin today
Seán FitzPatrick leaves court in Dublin today
Image: Niall Carson/PA Wire/Press Association Images

THE FORMER CHAIRMAN and chief executive of Anglo Irish Bank Seán Fitzpatrick has appeared in court in Dublin today charged in connection with alleged financial irregularities at the bank.

FitzPatrick, 64, with an address at Whitshed Road in Greystones, Co Wicklow, appeared in court to face 16 charges in connection with a breach of section 60 of the Companies Act.

He is due to appear before the court again in October.

The 64-year-old is accused of allowing the bank to give loans to Patricia Quinn and her five adult children, as well as ten clients who became known as the ‘Maple 10′ for the purpose of allowing them to buy shares in the bank in July 2008.

The grey-haired and tanned former banker appeared before the court dressed in beige pants, a blue shirt, with a pink tie and a navy jacket.

The court heard that once he became aware he was to be arrested this morning, FitzPatrick made arrangements with authorities to return to Ireland for the arrest to be carried out.

Laura Hutton/Photocall Ireland

It is reported that he had been in the US before returning to Ireland this morning.

As Fitzpatrick sat in court with his arms crossed, Judge Cormac Dunne heard that FitzPatrick was arrested this morning at Dublin Airport at 5.37am under section 4 of the Criminal Justice Act.

He was later rearrested under section 60 of the Companies Act and said: “No comment” as the charges were read out at around 8.08am by detectives from the Garda Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement.

Bail was set on his own bond of €1,000 with an independent surety of €10,000 from his sister. There was no objection raised to this.

FitzPatrick has been ordered to sign on at Irishtown Garda Station every Wednesday between the hours of 9am and 9pm and to give 48 hours notice if he intends to change address or leave the State.

He was granted bail and remanded to appear again on 8 October in court one of the Criminal Courts of Justice at 10.30am, the same day that fellow former Anglo executives, Willie McAteer and Pat Whelan, are due to appear before the court.

Video: Seán FitzPatrick leaves court after charges over Anglo

Read: The investigation of Seán FitzPatrick: a timeline of the story so far >

Read: Introducing Anglo’s Golden Circle and the Maple 10 >

Photos: Anglo executives arrested and charged >

About the author:

Hugh O'Connell

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