Sean FitzPatrick held in fraud inquiry
Thursday, 18 March 2010 22:07
Former Chairman and Chief Executive of Anglo Irish Bank Sean FitzPatrick has been arrested by members of the Garda Bureau of Fraud Investigation.
Mr FitzPatrick was arrested at his home in Greystones, Co Wicklow, at 6.30am.
Gardaí also searched Mr FitzPatrick's home.
He is being detained under Section 4 of the Criminal Justice Act 1984. His period of detention has since been extended on two occasions and he can now be held until 6.30am tomorrow morning.
Mr Fitzpatrick is being questioned as part of what gardaí describe as an investigation into alleged financial irregularities at a Financial Institution - understood to be Anglo Irish Bank.
It is understood that Mr Fitzpatrick was arrested on suspicion of alleged financial irregularities.
Mr Fitzpatrick stepped down as Chairman of Anglo Irish Bank in December 2008.
Minister for Finance Brian Lenihan has responded to the development by saying: 'I have always stated there is an extensive Garda investigation under way.
'I have been cautious not to prejudice that investigation and am eager to see justice take its course.'
There are multiple probes continuing into activities of Anglo Irish Bank.
These are being conducted by the Financial Regulator, the Garda Bureau of Fraud Investigation and the Office of Director of Corporate Enforcement.
- Nine News: Will Goodbody reports that Sean Fitzpatrick has been arrested for questioning about alleged financial irregularities at a financial institution
- Nine News: David Murphy, Business Editor, reports that it is not known specifically what Mr Fitzpatrick is being questioned about
- Six One News: Will Goodbody reports that Sean Fitzpatrick has been arrested for questioning about alleged financial irregularities at a financial institution
- Six One News: David Murphy, Business Editor, reports on the events that led to the arrest of the former chairman of Anglo Irish bank
- Six One News: Will Goodbody reports that a decision will be made shortly on whether Sean FitzPatrick will be released or held for further questioning
- Six One News: David Murphy gives an outline of the possible areas of investigation that is being pursued by gardaí
- One News: Will Goodbody reports that the former Anglo chairman was arrested this morning at his home in Greystones, Co Wicklow
- One News: David Murphy, Business Editor, reports that there a number of investigations into the Anglo affair
- News At One: David Murphy, Business Editor, reports that gardaí from the Bureau of Fraud Investigation arrested Sean FitzPatrick, a founder and former chairman of Anglo Irish Bank
