Fraud accused helped bank tax probe

Three former Anglo Irish Bank officials accused of hiding bogus off-shore accounts in an alleged tax evasion scheme were involved in helping Revenue investigate tax compliance in the bank in 2003.

Day 13 of the officials’ trial heard one of them, former chief operations officer Tiarnan O’Mahoney, asked that the team be set up to help Revenue audit the bank. The audit was examining the presence of bogus non-resident accounts held by Anglo on were liable for Deposit Interest Retention Tax.

The team was to report to another of the accused, Bernard Daly, then the bank’s chief of compliance. Also on the team was a third accused, Aoife Maguire.