Further charges over alleged Anglo conspiracy

Tuesday 17 June 2014 22.58
The men are accused of conspiring to mislead Anglo investors
The men are accused of conspiring to mislead Anglo investors

Former Anglo director of finance Willie McAteer has been charged with taking part in an alleged €7.2bn conspiracy to mislead the bank's investors about the true value of deposit books.

Mr McAteer is the fourth person to be accused of fraud by inflating deposits at Anglo.

He was arrested today and brought before Dublin District Court where he was remanded on bail.

His co defendants are John Bowe, the former head of capital markets at Anglo, 54-year-old Denis Casey from Raheny in Dublin, who is the former chief executive of Irish Life and Permanent, and 61-year-old Peter Fitzpatrick from Malahide in Dublin, who was Irish Life and Permanent's former director of finance.

The three bankers had been charged previously. 

Judge Michael Walsh heard today that there were two fresh charges for a fourth defendant, Mr McAteer, who has an address at Greenrath, Tipperary Town, Co Tipperary.

The court heard Mr McAteer, who is 63, was arrested outside the Bridewell Garda Station this morning and said "No" to both charges.

There was no objection to bail and Mr McAteer's wife Maria was approved to act as an independent surety in the sum of €10,000.

Mr McAteer and his co-defendants are accused of conspiring to mislead Anglo investors in relation to €7.2bn transactions between Anglo Irish Bank Corporation Plc, Irish Life & Permanent Plc and Irish Life Assurance, from March to September 2008.

It is alleged that this was to give the impression that Anglo's deposits were larger than they really were.

Mr Bowe and Mr McAteer also face one additional charge each that they allegedly falsified accounts contrary to Section 10 of the Theft and Fraud Act.

The DPP consented to them being returned for trial on indictment, State solicitor Padraig Mawe told Judge Walsh.

This means their trial will go before a judge and jury at Dublin Circuit Criminal Court.

Books of evidence, each made up of two thick ring binder folders, were served on the defendants by Det Inspector Walsh.

The two-volume books of evidence also contained CD-ROMs; Mr Mawe explained that there was an "electronic format" as well as hard copy.

None of the four men have yet indicated how they will plead and Judge Walsh gave them the standard warning that if they intended to rely on alibis in their defence they must inform the prosecution within 14 days.

After some minor amendments were made to the charges, the judge then ordered that the four men be returned for trial to the higher court.

He also agreed to make a "section 56 order" for the State to furnish copies of videotapes and memos of interviews to the defence solicitors: Michael Hanahoe, Dara Robinson and Michael Hennessy.

Their clients briefly addressed the court to indicate they understood the bail terms and the alibi warning.

They then signed their bonds and took up bail pending their next hearing which will take place at the Dublin Circuit Criminal Court, on 11 July.

As a condition of bail they must sign on once a month at their local garda stations, they were warned by Judge Walsh.

After the judge finalised his order he warned the news media that nothing should be published "that might be prejudicial or adverse to the interests of the court".