Ex-Anglo chiefs face discipline hearings

FOUR bankers including former Anglo Irish Bank chairman Seán FitzPatrick and its former chief executive David Drumm, are to face professional disciplinary hearings over their role in controversial bank transactions.

The Chartered Accountant Regulatory Board yesterday confirmed Mr FitzPatrick and Mr Drumm as well as former Anglo Irish finance director Willie McAteer and the former finance director of Irish Life & Permanent Peter Fitzpatrick, will be called to appear before a disciplinary committee to answer charges of professional misconduct. It follows the completion of reports into the four by a special investigator — the former comptroller and auditor general John Purcell — on behalf of the board which established prima facie cases against them in relation to certain transactions.

All four men are members of the Institute of Chartered Accountants in Ireland.