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Three Executives Blamed for Irish Banking Crisis Go on Trial

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Posted on Feb 3, 2014

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The three- to six-month trial of three senior executives at the bank that almost bankrupted Ireland starts this week. About 350 people volunteered to serve on the jury, giving a sense of interest in the case.

The Guardian reports:

It will be one of the most complex and controversial trials in the history of European financial crime, with hundreds of witnesses, millions of documents and a trio regarded as national hate figures in Ireland.

Three leading figures in the now defunct and disgraced Anglo Irish Bank – Sean FitzPatrick, Pat Whelan and William McAteer – will each face 16 charges of unlawfully providing financial assistance to individuals for the purpose of buying shares in Anglo Irish Bank in 2008.

All of the charges relate to a specific person who allegedly received financial assistance between 10 July and 17 July 2008. The trio of former top bankers deny all the charges against them.

Read more here.

—Posted by Alexander Reed Kelly.

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