Monday July 13, 2020

FitzPatrick expelled from accountants’ group over Anglo loans

Bank’s former chairman also fined €25,000 after inquiry finds his actions were ‘likely to bring discredit’ to Chartered Accountants Ireland

Ian Guider

Markets Editor

2nd December, 2019
Sean FitzPatrick: after a trial that lasted more than 120 days in 2017, he was acquitted of all charges related to his loans from Anglo Irish Bank

Sean FitzPatrick, the former Anglo Irish Bank chief executive and chairman, has been fined €25,000 and expelled as a member of Chartered Accountants Ireland.

A disciplinary tribunal at the organisation said FitzPatrick had accepted the facts of a complaint brought against him by its conduct committee. Chartered Accountants Ireland had appointed a special investigator, John Purcell, the former comptroller and auditor general, to look into FitzPatrick’s loans from the now-defunct bank and other matters....

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