The former chief executive and chairman of Anglo Irish Bank has appeared in court in Dublin charged in connection with financial irregularities at the bank.

Sean FitzPatrick was charged with 16 offences under Section 60 of the Companies Act.

He is accused of permitting Anglo Irish Bank to give financial assistance to Patricia Quinn, her five children and ten senior clients of the Bank who became known as the Maple 10, to enable the 16 to buy shares in the Bank.

The investigation into alleged financial irregularities at Anglo Irish Bank has been going on for the last three and a half years.

This morning was the third arrest in just over 24 hours.

The former chief executive of the bank, Seán FitzPatrick, was arrested at 5.37am at Dublin airport.

In the Court, the judge agreed to release him on bail pending the preparation of the book of evidence.

His sister Joyce O'Connor stood bail in the sum of €10,000.

Once the independent surety was approved, he was let out and ordered to appear again on October 8 next.