Former Anglo chairman called to face Oireachtas grilling

THE former chairman of Anglo Irish Bank, Sean FitzPatrick, is to be called to appear before an Oireachtas committee probing the bank’s meltdown.

The Committee on Economic Regulatory Affairs wants to grill Mr FitzPatrick about how he took out major loans from the bank and concealed them from shareholders.

When the loans were finally made public before Christmas, the story triggered a collapse of confidence in the already ailing bank, leading to its nationalisation last week.