Former Anglo chairman Seán FitzPatrick released on bail

Thursday 27 December 2012 14.08
Seán FitzPatrick (R) photographed on his way into court
Seán FitzPatrick (R) photographed on his way into court

Former chairman and chief executive of Anglo Irish Bank Seán FitzPatrick has appeared in court on 12 new charges in connection with alleged financial irregularities at the bank.

The 64-year-old is accused of making false, misleading or deceptive statements in relation to millions of euro to the company's auditors, Ernst and Young, over a six-year period.

It is alleged that he did not inform the auditors about loans to himself and others that he had authorised, or about an arrangement between Anglo and Irish Nationwide Building Society whereby Irish Nationwide loaned him money.

He was arrested this morning as part of an investigation by the Garda Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement.

The amounts on the charges are €5.1 million in 2002, €14m in 2003, €23m in 2004, €42.1m in 2005, €60.9m in 2006 and €139.8m in 2007.

Detective Inspector Ray Kavanagh gave evidence that Mr FitzPatrick was arrested at 9.04am at the Bridewell Garda Station and that he made no comment in reply to each of the charges.

The court was also told that Mr FitzPatrick was arrested at short notice and by appointment this morning and that the DPP has directed trial on indictment on the charges.

Judge Michael Walsh granted him bail on his own bond of €1,000 on condition that he live at home, sign on daily at Irishtown Garda Station and give the gardaí two days' notice if he intends to travel abroad.

He is due back at the Dublin District Court on 1 March 2013 for service of the book of evidence.