Maple Ten loan documents 'not underhand', Anglo trial told

Developer says bank good to him and his business

A witness in the trial of three former Anglo Irish Bank directors accused of trying to prop up the bank’s share price during the financial turmoil of 2008 has said there was nothing underhand about the preparation of the Maple Ten loan application documents.

The documents state the 10 lenders had approached the bank with a view to buying shares because they saw an opportunity in the volatile market of the “ongoing credit crunch”.