Quinn’s 24% stake ‘worried’ Anglo bosses FitzPatrick and Drumm

The trial of three former Anglo Irish Bank directors has heard from its first witnesses including the former CEO of the Quinn Group.

Quinn’s 24% stake ‘worried’ Anglo bosses FitzPatrick and Drumm
Fri, 07 Feb, 2014 - 00:00
Conor Gallagher

Liam McCaffrey detailed his involvement with the group and its dealings with Anglo Irish Bank in 2007 and 2008.

He described how in September 2007, Anglo chairman Seán FitzPatrick and CEO David Drumm were concerned and surprised to find out that businessman Seán Quinn controlled 24% of the bank’s shares.

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CourtsAnglo trialLiam McCaffreyangloAnglo Irish Bankdavid drummSean QuinnSean FitzPatrickPat WhelanWilly McAteerPlace: Rathgar, DublinPlace: Malahide, DublinPlace: HotelPerson: QuinnPerson: DrummPerson: CEOPerson: Liam McCaffreyPerson: Sean FitzPatrickPerson: David DrummPerson: Seán QuinnPerson: Pat WhelanPerson: William McAteerPerson: FitzpatrickPerson: WhelanPerson: McAteerPerson: Seamus CoffeyPerson: CoffeyPerson: McCafferyPerson: Úna Ní Raifeartaigh SCPerson: Brendan GrehanEvent: St Patrick’s Day massacreOrganisation: BankOrganisation: Quinn GroupOrganisation: Anglo Irish BankOrganisation: AngloOrganisation: UCCOrganisation: Bear StearnsOrganisation: BuswellsOrganisation: Ryanair
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