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20/12/2010
Anglo Findings To Be Published
The Republic of Ireland 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)
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)
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Former Anglo Irish Boss Faces Trial
The former boss of Anglo Irish Bank is to go on trial at the beginning of next year, having allegedly played a substantial role in the bank’s collapse. Sean FitzPatrick will face charges of lending the bank's money to a group of investors in order to mislead shareholders and falsely inflate the bank's share price.
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
