Ex-Anglo directors’ sentence hearings begin

The sentence hearing of the two former Anglo Irish Bank directors convicted of providing illegal loans to 10 individuals is due to open at Dublin Circuit Criminal Court today before Judge Martin Nolan.

Former Anglo director of finance William McAteer and former head of Irish lending Pat Whelan were convicted by a jury on April 17 following a 48-day trial of providing the loans to the group known as the Maple Ten.

The jury found them guilty on 10 charges each of breaching Section 60 of the Companies Act 1963, by lending money to investors to buy shares in Anglo for a share support scheme.