20/12/2010

Anglo Findings To Be Published Today

The investigation into the former Anglo Irish Bank chairman, Sean Fitzpatrick, and its former chief executive, David Drumm, is to conclude today.

Mr Fitzpatrick and Drumm have been under investigation since 2008 after the former admitted to concealing €87 million in loans from the bank as part of a circular transactions controversy, which led to the eventual nationalisation of Anglo on 21 January 2009.

The investigation for the Chartered Accountants Regulatory Board is also looking into the roles of Anglo Irish Bank's former finance director, Willie McAteer, and Irish Life & Permanent's former finance director, Peter Fitzpatrick.

Today's report is expected to establish whether there is enough evidence against the men to spark a disciplinary committee hearing.

Former Comptroller and Auditor General John Purcell is heading up the investigation after being appointed special investigator by the Chartered Accountants Regulatory Board in 2009.

(DW)

Related Irish News Stories
Click here for the latest headlines.

01 October 2009
Former Anglo Boss Will 'Not Be Spared'
The former Anglo Irish Bank (AIB) boss "will not be spared", according to the Green Party leader John Gormley.
09 December 2011
Former Anglo Chief Arrested
The former chairman and chief executive of Anglo Irish Bank has been arrested as part of the ongoing investigation into financial irregularities at a financial institution. Seán FitzPatrick was arrested by appointment this morning and is being questioned at Bray Garda Station in Co Wicklow, Gardia said.
22 September 2010
Bankruptcy Proceedings Resume For Ex-Anglo Chief
Proceedings over the Bankruptcy of former Anglo Irish Bank chairman Sean FitzPatrick are to resume at the High Court today. According to reports this morning, Mr FitzPatrick's entire assets will be sold before the proceeds are given to debtors, banks and the Revenue Commissioners.
24 July 2012
Former Anglo Irish Boss Arrested and Charged
The former head of Anglo Irish Bank appeared in court today in connection with alleged financial irregularities at the now-defunct bank. Sean FitzPatrick was arrested at Dublin airport just after 5.30am today as he was re-entering Ireland on a flight from the USA.
31 January 2012
Director of Corporate Enforcement Retires
The Minister for Jobs has announced that Paul Appleby, the Director of Corporate Enforcement, is to retire at the end of February.