Friday January 24, 2020

Chartered Accountants Ireland’s Anglo investigations bill tops €2.5m

Ex bank bosses FitzPatrick and Drumm have been expelled from professional body

Daniel Murray

Business Reporter

@danieltmurray
15th December, 2019
David Drumm and Sean FitzPatrick were expelled from Chartered Accountants Ireland. Picture: Tony O’Shea

The cost of investigations by Chartered Accountants Ireland (CAI) into members caught up in the collapse of Anglo Irish Bank has risen to over €2.5 million, the Business Post understands.

Earlier this month, former Anglo chairman Sean FitzPatrick became the latest CAI member to have his membership revoked after an internal tribunal found that he had breached the professional body’s standards regarding the concealment of loans made between Anglo and Irish Nationwide. Fitzpatrick was also...

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