Ex Anglo exec says he was 'not aware €7.2bn ILP transactions were cash exchange with no security' until after the fact

The former head of group finance at Anglo Irish Bank said he was not aware that €7.2bn transactions with Irish Life and Permanent were “a straight exchange of cash with no underlying security” until after they had taken place.

Ex Anglo exec says he was 'not aware €7.2bn ILP transactions were cash exchange with no security' until after the fact
Tue, 13 Mar, 2018 - 17:31

By Sarah-Jane Murphy

The former head of group finance at Anglo Irish Bank said he was not aware that €7.2bn transactions with Irish Life and Permanent were “a straight exchange of cash with no underlying security” until after they had taken place.

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CourtsHeathrowPlace: Skerries, Co DublinPerson: Sarah-Jane MurphyPerson: Colin GoldenPerson: GoldenPerson: David DrummPerson: Paul O'HigginsPerson: Ciaran CunninghamPerson: Willie McAteerPerson: Mary BurkePerson: CunninghamPerson: O'HigginsPerson: Vincent BerginPerson: Matt MoranPerson: DrummPerson: Denis CaseyPerson: William McAteerPerson: John BowePerson: Karen O'ConnorOrganisation: Anglo execOrganisation: Anglo Irish BankOrganisation: Irish LifeOrganisation: PermanentOrganisation: Circuit Criminal CourtOrganisation: SCOrganisation: ILPOrganisation: Financial RegulatorOrganisation: Ernst & YoungOrganisation: AngloOrganisation: Ernst and YoungOrganisation: EYOrganisation: Dublin Circuit Criminal Court
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