Sean Quinn.

Jury in Anglo-Quinn trial ordered to find some not guilty verdicts

The jury in the Anglo Irish Bank-Quinn trial has been ordered to find two of the bust bank’s former chiefs, Sean FitzPatrick and Pat Whelan, not guilty on some charges relating to loans to the Quinn family, RTE reports.
Judge Martin Nolan told the jury:
“For good reason I have directed not guilty verdicts. It will all be made apparent to you in due course.”
The jury of seven men and seven women is to return after lunch when it will hear if the defence intends to call evidence.

The state broadcaster reports: ‘Sean FitzPatrick still faces ten charges of illegally loaning money to the Maple Ten group of investors to buy shares in the bank.
‘This was part of a plan to unwind Seán Quinn’s 29.4% control of Anglo which officials believed was driving down the share price.
Mr Whelan and former Anglo Director of Finance William McAteer also still face these charges as well as six charges relating to the loaning of money to the Quinn family.’
The trial, which centres on allegedly fraudulent loans to the Quinn family and others - so they could buy shares in the bank in order to boost the share price - is in its tenth week and all three have denied the charges.