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Fri 12 Dec 2008FitzPatrick is first high-profile Irish casualty of global crisis
ANGLO IRISH Bank chairman Seán FitzPatrick resigned last night after it emerged he had temporarily transferred €87 million in loans with Anglo to another bank before the group's September 30th year-end. The transfers - which took place over eight years - were in order to avoid disclosing the loans to shareholders.
While not illegal, the transfers were deemed "inappropriate" and "unacceptable" in terms of the bank's corporate governance.
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