Anglo Bank trio accused of role in illegal share-buying plan

Trial of former Anglo chairman and directors begins

The trial of three former Anglo Irish Bank directors has begun with the jury hearing that the accused are alleged to have played a role in an illegal scheme to fund the buying of shares in the bank.

Former chairman Seán FitzPatrick and former directors William McAteer and Pat Whelan are accused of providing unlawful financial assistance to members of businessman Seán Quinn’s family and the so-called Maple Ten, a trusted group of Anglo borrowers, for the purchase of shares in Anglo