Fitzpatrick acquitted over Anglo €7.2bn scheme to defraud markets

A jury has acquitted the former finance director of Irish Life and Permanent (IL&P) of helping Anglo Irish Bank defraud the markets in 2008 in a €7.2bn scheme.

Jurors at Dublin Circuit Criminal Court yesterday returned a not guilty verdict on Peter Fitzpatrick, aged 63, following nearly 47 hours of deliberations.

Mr Fitzpatrick held his head in his hands and wept after the verdict was read out, before hugging his barrister, Brendan Grehan.