Former Anglo Irish chief Seán FitzPatrick charged


Former chairman and chief executive of Anglo Irish Bank Seán FitzPatrick has appeared in court today in connection with alleged financial irregularities at the bank.

The court heard Mr FitzPatrick was arrested by arrangement at Dublin Airport at about 5.35am by gardaí attached to the Office of the Director Corporate Enforcement and taken to the Bridewell Garda station.

He is understood to have been returning to Ireland on a flight from the US at the time of his arrest.

Mr FitzPatrick appeared before Dublin District Court this morning where he faced 16 charges of providing unlawful financial assistance in July 2008.

The charges relate to loans provided by Anglo to a group of investors – 10 customers known as the “Maple 10” and to the five children of bankrupt businessman Seán Quinn and his wife Patricia to buy shares in the bank. Anglo made the loans to prop up its share price and, in turn, public confidence in the bank.

Det Sgt Brian Mahon told the court Mr FitzPatrick (64), of Camaderry, Whitshed Road, Greystones, Co Wicklow, was charged at 8.08am at the Bridewell.  The court heard he replied “no comment” to each charge.

Michael Staines, for Mr FitzPatrick, told the court that once his client learned gardaí were seeking him, he contacted his solicitor and organised to meet them this morning.

Mr FitzPatrick did not speak during the eight minute hearing. He sat with his arms folded wearing a navy jacket, blue shirt, pink tie and cream chino trousers.

There was no objection to bail. Judge Cormac Dunne granted bail of €1,000 and an independent surety of €10,000, which was provided by Mr FitzPatrick's sister, Joyce O'Connor.

Mr FitzPatrick was ordered to sign on every Wednesday at Irishtown Garda station and to give gardaí 48 hours' notice if he plans to leave the State or change address.

He is due in court again on October 8th, when he will be served with a book of evidence.

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