Fitzpatrick charged with deceiving Anglo bank auditors
FORMER CHAIRMAN BEFORE COURT
GREYSTONES MAN Seán FitzPatrick appeared in court in Dublin recently charged with deceiving Anglo Irish Bank auditors in relation to his personal loans over six years.
Former Anglo chairman Fitzpatrick (64), Whitshed Road, Greystones, appeared at Dublin District Court charged with 12 offences between 2002 and 2007 under section 197 of the Companies Act 1990.
Six of the charges relate to Fitzpatrick knowingly excluding or failing to disclose the true amount of borrowings to him or persons close to him in statements to the bank's auditors.
He is alleged to have authorised arrangements ' to ensure that the balance of those loans would or would appear temporarily to be reduced at year-end.'
He is alleged to have made false statements to Ernst Young in relation to a reduction to those borrowings of not less than €5.1 million on or about November 27, 2002; and €14 million on or about November 25, 2003.
Further such statements were made in relation to sums of not less than €23 million on or about November 23 2004; €42.1 million on or about November 22 2005; €60.9 million on or about December 5 2006; and €139.8 million on or about November 27 2007.
He was also charged with six counts of failing to disclose an arrangement between Anglo Irish Bank and Irish Nationwide Building Society under which the building society loaned him money between 2002 and 2007.
Fitzpatrick was arrested on Friday December 21 by appointment at 9.04 a.m. at the Bridewell Garda Station.
He replied 'no comment' in response to the charges against him. The case will be sent forward for trial by judge and jury.
Fitzpatrick could face a fine of up to €12,697 and/or five years in prison.
Defence solicitor Michael Staines told Judge Walsh that his client had consented to coming to the Bridewell to be arrested at short notice. He was released on bail on his own bond of €1,000.
Fitzpatrick must reside at his home address and give 48 hours' notice of any change or plans to leave the country, and sign on once a week at Irishtown Garda Station.
The matter was adjourned to March 1 for production of the book of evidence.