Anglo Irish Bank executives told a select group of clients they had legal advice and regulator support for loans for a shares deal in the bank, a court has been told.

One of 10 investors who bought shares in Anglo Irish Bank with loans from the lender was told executives had legal advice for the deal, a court has heard.

Ireland’s one-time richest man Sean Quinn suspected the now-defunct Anglo Irish Bank made a sweetheart deal to unwind his secret shareholding in the lender, a court has been told.