Saturday December 7, 2019

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

@ianguider
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....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Multinational tech company to add roles in engineering, development and consultancy

Emmet Ryan | 1 day ago

House prices would have risen by as much as 25 per cent more if lending restrictions had not been in place, report says

Ian Guider | 2 days ago

Staff have until early January to accept offer of voluntary redundancy

Ian Guider | 3 days ago