Former Anglo Finance Director charged over deposit inflation

The Former Finance Director of Anglo Irish Bank - Willie McAteer - has been charged in connection with an alleged conspiracy to transfer over €7bn in a bid to inflate Anglo's deposits and mislead the bank’s investors.

Mr McAteer is the fourth former Anglo employee to be accused of inflating deposits at the bank.

His co-defendants are 50-year-old John Bowe from Glasnevin in Dublin, who was head of capital markets at Anglo; 54-year-old Denis Casey from Raheny in Dublin, who was chief executive of Irish Life and Permanent and 61-year-old Peter Fitzpatrick from Malahide in Dublin who was the former director of Finance at Irish Life and Permanent.

Mr McActeer is facing a second charge that he allegedly falsified accounts contrary to the Theft and Fraud Act.

The 62-year-old, with an address in Tipperary Town, was arrested before the Bridewell Garda Station in Dublin this morning and was brought before the District Court, where he was remanded on bail.

He will appear before Dublin Circuit Criminal Court on July 11.

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