Anglo jury deliberating for third day
The jury in the fraud trial of three Anglo Irish Bank directors over a multimillion loans-for-shares scheme have begun a third full day of deliberation.
Sean FitzPatrick, 65, from Greystones, Co Wicklow, Pat Whelan, 51, of Malahide, Co Dublin, and William McAteer, 63, of Rathgar, Dublin, all pleaded not guilty to providing unlawful financial assistance to a hand-picked group of clients in July 2008 to buy shares.
Dublin Circuit Criminal Court has been told the €619m plot was concocted to stabilise Anglo’s share price as it tanked on markets.
The stock had originally been bought up in secret trades by industrialist and now-bankrupt Sean Quinn in a €2.4bn doomed gamble on the bank.
It is alleged money was lent to a select group of Anglo clients known as the Maple 10 and members of the Quinn family to buy up the holding.
The jury have been given access to transcripts of evidence from two bankers given immunity in the case, former Anglo directors Matt Moran and Fiachre O’Neill during deliberation.
The 12 jurors – selected by ballot from a panel of 14 – first went out on Friday afternoon.