Anglo case: jury to resume deliberations on Friday

The jury will resume deliberations on Friday in the case where two former executives with Irish Life and Permanent (ILP) are accused of conspiring with others to create a false impression as to the health of Anglo Irish Bank in 2008.

The jury, which yesterday returned verdicts of guilty against former Anglo executives Willie McAteer and John Bowe on the same charge, is reduced to 11 members because one member became ill last week.

Judge Martin Nolan delivered his charge to the jury on Tuesday, May 17th, and the jury first began hearing evidence in January. This is the longest criminal trial in the history of the State.

Transactions

The former ILP executives have said they did not know how Anglo would treat in its books certain financial transactions entered into with Anglo in 2008. The prosecution has said they must have known.

Denis Casey (56), from Raheny, Dublin, and Peter Fitzpatrick (63) of Convent Lane, Portmarnock, Dublin, have pleaded not guilty to conspiring together and with others to mislead investors by setting up a €7.2 billion circular transaction scheme between March 1st and September 30th, 2008, to bolster Anglo's balance sheet.

Mr Casey was ILP’s former chief executive while Fitzpatrick was its former director of finance. McAteer was Anglo’s former finance director and Bowe was Anglo’s former head of capital markets.