Former Anglo executive due in court

Tiarnan O’Mahoney accused of concealing account and obstructing Revenue official

Former Anglo Irish Bank executive Tiarnan O'Mahoney is expected back in Dublin's District Court this Thursday, on four charges related to alleged tax offences.

Mr O’Mahoney is accused of concealing a bank account, obstructing a revenue official and producing an incorrect document.

He faces four charges under the Taxes Consolidation Act 1997.

The alleged offences occurred between March 25th and November 17th, 2003, when Mr O'Mahoney was an officer of Anglo Irish Bank.

Bail conditions
Mr O'Mahoney, who was head of treasury at Anglo Irish until 2005, was granted bail at a hearing last November, on his own bond of €1,000 and a number of conditions. These were that he must sign on every Friday morning at Bray Garda station; that he must notify the Garda Síochána within 48 hours if he changes address; and that he must provide 48 hours' notice if travelling anywhere outside Ireland or Britain.

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Mr O'Mahoney was regarded by many observers as the favourite to succeed Seán FitzPatrick as Anglo's chief executive in 2004, but the job went to David Drumm.

Mr O’Mahoney had spent 20 years with the bank. He was its chief operating officer and was regarded as one of the driving forces behind its rise over the previous decade.