A third former executive of the collapsed Anglo Irish Bank is due to appear in court today over alleged financial irregularities at the bank. Officers attached to the Office of the Director of Corporate Enforcement picked up former Chief Executive and Chairman, Sean Fitzpatrick, at Dublin Airport in the early hours of this morning over.
These are shots of Fitzpatrick leaving a police station back in March 2010, after a previous arrest with regard to the probe. Anglo Irish bank suffered the largest corporate loss in the history of the Republic of Ireland when the Irish property boom went bust. Fitzpatrick resigned in December 2008 and, a month later, the bank had a government bailout, which cost Irish taxpayers around 30bn euros (that's £23.4bn)
Yesterday Anglo Irish Bank's former Head of Lending & Operations, Patrick Whelan, and former Finance Director, Willie McAteer, were also arrested, appeared in court and were bailed to reappear in October. They face various charges which form part of what's been a three-and-a-half year long fraud investigation so far. The former bank is being wound down and is currently being run by the Irish Banking Resolution Company (IBRC).
