Fitzpatrick disciplinary tribunal is postponed
FORMER ANGLO BOSS WILL NOT FACE ‘CARB’ YET
GREYSTONES resident Sean Fitzpatrick will not have to face a disciplinary tribunal by the Chartered Accountants Regulatory Board (CARB) just yet.
The proceedings, due to be held in April, have been adjourned to avoid prejudicing any criminal proceedings that may be brought against the former Anglo Irish Bank chairman.
The subject matter of the investigation involves secret loan deals and the movement of over €7 billion between Anglo and Irish Life & Permanent to change Anglo's accounts at year end.
‘The DPP expressed his concern that the holding of public hearings and the publication of findings might prejudice future criminal proceedings in the event that a prosecution is directed against any party arising from the investigations of An Gardai Siochana and the Office of the Director of Corporate Enforcement,' said CARB in a statement. ‘ The disciplinary tribunal will now be adjourned until early October 2011, at which stage the circumstances will be re-considered by the dis- ciplinary tribunal.'
Fitzpatrick was questioned by Gardai last year regarding financial irregularities at Anglo Irish Bank. He had stepped down as chairman in December 2008. Special investigator John Purcell has established a case against the Greystones man, which he reported to CARB's complaints committee in December.