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Sat 11 Nov 2010Ex-Anglo lender in court over loans
A FORMER head of Anglo Irish Bank’s Irish lending division is seeking to defend the bank’s claim against him over unpaid loans of €50 million on grounds that negligence by Anglo’s management and board and State bodies led to the bank’s nationalisation, collapse of its share price and his inability to repay the loans.
The defence sought to be raised by Tom Browne suggests the Commercial Court “should accept the demise of Anglo in 2008 was separate from events in 2007”, Paul Gardiner SC, for Anglo, told Mr Justice Peter Kelly yesterday.
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