Former Anglo chief financial officer granted immunity from prosecution

A court has heard Matt Moran, the former chief financial officer of Anglo Irish Bank has been granted immunity from prosecution.

Mr Moran is giving evidence in the trial of former Anglo chairman Sean FitzPatrick and two of the bank's former directors Willie McAteer and Pat Whelan, who deny providing unlawful financial assistance to the Maple ten and Sean Quinn's family to buy shares in the bank in July 2008.

Matt Moran was chief financial officer at Anglo Irish Bank at the time of the alleged offences.

He was sworn in to testify this afternoon.

Prosecution barrister Paul O'Higgins put it to him that he was giving evidence in special circumstances.

He said after discussions between Mr Moran's legal representatives and the Director of Public Prosecution the former Anglo CFO was granted immunity of prosecution for the purpose of this trial to which he replied: "Correct."

He is now giving his evidence to the trial.

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