• Court Reports

Jury in Anglo trial to resume deliberations in the morning

Monday, 14th April, 2014 5:15pm
Jury in Anglo trial to resume deliberations in the morning
Jury in Anglo trial to resume deliberations in the morning

Conor Gallagher      

The jury will resume deliberations tomorrow morning (Tuesday) in the trial of three former Anglo Irish Bank executives accused of illegally lending money to buy shares in the bank.

This evening (Monday), Judge Martin Nolan told the jury to adjourn deliberations for the night. It has been considering a verdict for a total of six hours since Friday afternoon.

Before being sent home, the jury forewoman requested transcripts of the evidence of former Anglo Chief Financial Officer, Matt Moran and former Head of Compliance, Fiachra O’Neill. Judge Nolan said it would be dealt with in the morning.

Earlier jurors requested a copy of loan documentation relating to Sean Quinn’s wife, Patricia. This was provided to them.

Former Anglo chairman Sean FitzPatrick and ex-directors William McAteer and Pat Whelan, are charged at Dublin Circuit Criminal Court with breaching Section 60 of the Companies Act 1963 by lending money to investors to buy shares in Anglo.

Mr Whelan (51) of Malahide, Dublin and Mr McAteer (63) of Rathgar, Dublin are accused of 16 counts of providing unlawful financial assistance to 16 individuals in July 2008 to buy shares in the bank. The 16 individuals are six members of the Quinn family and the Maple Ten group of investors.

Mr FitzPatrick (65) of Greystones, Co Wicklow, is charged with ten counts of loaning money to the Maple Ten.

All three have denied the charges. The jury has already been ordered to acquit Mr Whelan and Mr FitzPatrick of a series of related counts.

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