Anglo jury to resume deliberations tomorrow

Monday 14 April 2014 21.42
The judge said the jurors could not visit the financial calamity of the country on the three accused men
The judge said the jurors could not visit the financial calamity of the country on the three accused men

The jury in the Anglo Irish Bank trial has been sent home for the night.

The seven women and five men have been deliberating for around six hours.

Before being sent home for the night, the jurors asked the court for transcripts of the evidence of Anglo's former chief financial officer Matt Moran and the bank's former head of group compliance Fiachra O'Neill.

Both men have been granted immunity from prosecution.

Seán FitzPatrick, Patrick Whelan and William McAteer have pleaded not guilty to ten charges of granting unlawful financial assistance to ten customers of the bank in July 2008.

Mr Whelan and Mr McAteer have also denied granting unlawful loans to six members of Seán Quinn's family.

On Friday afternoon, the 14-member jury, the first of its kind, was reduced as planned to the 12 who now remain to decide on the outcome of this case.

After over ten weeks of evidence, Judge Martin Nolan told the jurors they must have the moral courage to decide the case based only on the evidence.

He said they could not visit the financial calamity of the country on the three accused men; to do so would be incredibly unfair.

Instead, he said, they must focus on the evidence about the loans at the centre of the charges.

They must decide if their purpose was to stabilise Anglo's share price, if the lending was not in the ordinary course of business for the bank and if the accused men knew of the scheme and did nothing to stop it.

He said the role of the financial regulator, the legal advice received and the involvement of experts to execute the scheme to unwind Mr Quinn's stake in the bank were all irrelevant factors.

They must coldly analyse the facts and decide on the issues without sympathy or ill will towards any man.

The jury was out for just under an hour on Friday.