A former head of treasury at the former Anglo Irish Bank is to stand trial on revenue offences.
Tiernan O’Mahoney is accused of hiding a bank account from the Revenue Commissioners and is to face trial on indictment, Dublin District Court was told yesterday.
Mr O’Mahoney, aged 54, was the bank’s head of treasury from 1985 until 2005 — Anglo subsequently collapsed, was nationalised in 2009 and later rebranded the Irish Bank Resolution Corporation (IBRC), which is now in special liquidation.
Mr O’Mahoney is facing four charges contrary to the Taxes Consolidation Act 1997 and made no reply when he appeared at Dublin District Court yesterday, following his arrest by fraud squad officers.
The charges relate to offences committed between Mar 25, 2003 and Nov 17 that year and are all under the Taxes Consolidations Act 1997, as amended by the Finance Act.
It is alleged that being an officer of Anglo Irish Bank Corporation Plc, Mr O’Mahoney did consent to the commission of an offence by the bank, namely, knowingly and willfully concealing an account in accordance with the Taxes Consolidations Act 1997 as amended by the Finance Act.
He is also accused of conspiring with “persons unknown” to obstruct and interfere with an officer of the Revenue Commissioners in the exercise and performance of his powers.
In the third count, he is accused of conspiring “with persons unknown” to conceal from the designated officer, an account which Anglo “was required to produce for inspection”.
In the fourth and final charge, it is alleged that he “produced incorrect documents in connection with a tax, namely a list of bank accounts.
Detective Sergeant Gerard Doyle, with the Garda Bureau of Fraud Investigation, told Judge Patricia McNamara that the former banker had been arrested by appointment at the Bridewell Garda Station in Dublin, at 1.20pm yesterday.
“He made no reply to any charge after caution and was handed a true copy of the charges,” the fraud squad officer told the court.
Judge McNamara noted the legislation under which the prosecution has been brought and state solicitor Tom Browne informed her that the DPP has directed “trial on indictment” which means his case will go before a judge and jury at Dublin Circuit Criminal Court.
Mr Browne asked for a 12- week adjournment to allow time to prepare a book of evidence and the judge noted from Det Sgt Doyle and defence solicitor Michael Staines that there was no objection to bail.
She was also told that bail terms had already been agreed.
Mr O’Mahoney remained seated and silent during the brief hearing, and has not yet indicated how he will plead to the charges.
Bail was set in his own bond of €1,000 and conditions were set down compelling him to continue to reside at his home at Glen Pines, Old Long Hill Rd, Enniskerry, Co Wicklow, and to sign on every Friday at Bray Garda Station.
He must also give Det Sgt Doyle at least 48 hours’ notice if he intends to change address or he wants to travel outside Ireland or Britain.
The signing-on condition is to be suspended if he is out of the country.
Mr Browne, for the State, told Judge McNamara in relation to the reporting of this case, that the trial of three former officers of the bank is listed to begin on Jan 13 next year. He said the media was to be warned that “the present case has no factual connection with that”.
He asked for the media to be reminded that nothing should be said that would prejudice that trial. Judge McNamara said she was not going to remind the media of what the state solicitor had just said “but I am making an order in that respect”.
Mr O’Mahoney signed his bond acknowledging his bail conditions and was ordered to appear again on Feb 6 next, when it is expected that he will be served with a book of evidence and returned for trial.
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