A judge will rule next week on an application by a former head of lending with Anglo Irish Bank, Thomas Browne, for orders requiring the bank to discover documents concerning loans made by it in 2007 and 2008 to businessman Seán Quinn to support its share price.
Mr Browne, Ferney Hill, Brighton Road, Foxrock, Dublin, wants the documents for his defence to the bank’s claim for €50 million judgment orders against him over unpaid loans.
Mr Browne claims he has no liability to Anglo on grounds including that the bank was guilty of fraudulent misrepresentation in allegedly failing to inform him of matters relating to the purchase of 28 per cent of its shares by Mr Quinn which affected Anglo’s stability and share price.
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