Anglo case: €625m loans central as trial commences
The trial of three former Anglo executives, Sean FitzPatrick, Willie McAteer and Pat Whelan, commenced today. Ian Kehoe reports from Dublin Circuit Criminal Court.
Was the decision by Anglo Irish bank to lend a combined €625 million to 16 individuals to purchase stock in the bank part of the ordinary course of business for the Irish lender?
The answer to that question is central to the prosecution’s case against three former Anglo executives Sean FitzPatrick, Willie McAteer and Pat Whelan. All three have been indicted for allegedly providing unlawful financial assistance to 16 people, including the family of the former...
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