DISGRACED FORMER BANKER Seán FitzPatrick has been released without charge following his arrest yesterday morning.

The former head of Anglo Irish Bank had been arrested as part of an ongoing garda investigation into alleged irregularities at Irish financial institutions.

A garda spokesperson said that a file is being prepared for the Director of Public Prosecutions.

The one-time chief executive and chairman of Anglo Irish Bank was being held in Bray Garda Station under section 4 of the Criminal Justice Act.

Fitzpatrick had arranged with gardaí to attend the station yesterday morning.

He was arrested as part of the ongoing investigation being carried out by the Garda Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement.

It was the second time that FitzPatrick has been arrested. In March 2010 he was arrested as part of the inquiry into alleged financial irregularities at a financial institution.

Read more: Former Anglo chief Seán FitzPatrick arrested in Garda banking probe

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Support us Learn More