Fitz­patrick charged with de­ceiv­ing An­glo bank au­di­tors



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.

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