Anglo case: Jury still out after 20 hours

Peter Fitzpatrick, Dennis Casey, John Bowe and Willie McAteer are pleading not guilty

Peter Fitzpatrick is former director of finance at Irish Life & Permanent.
Peter Fitzpatrick is former director of finance at Irish Life & Permanent.

Deliberations in the trial of four bank executives accused of conspiring to mislead investors as to the financial health of Anglo Irish Bank in 2008, resumed today after being adjourned on Monday after a jury member became unwell.

The jurors have now been deliberating for over fifteen hours. They resumed deliberations on Monday morning at 10am having been sent home for the weekend. Judge Martin Nolan ended his charge to the jury on Tuesday of last week.

The jury began hearing evidence in January in what is understood to be the longest trial in the history of the State.

Peter Fitzpatrick (63) of Convent Lane, Portmarnock, Dublin; Denis Casey (56), from Raheny, Dublin; John Bowe (52) from Glasnevin, Dublin, and Willie McAteer (65) of Greenrath, Tipperary Town, Co Tipperary, have all 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.

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Mr Fitzpatrick is a former director of finance at Irish Life & Permanent (ILP) and Mr Casey is ILP’s former chief executive. Mr Bowe is a former head of capital markets at Anglo, while Mr McAteer is Anglo’s former finance director