Fitz­patrick dis­ci­plinary tri­bunal is post­poned


Bray People - - NEWS -

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.

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