McAteer admits to fraud in getting €8m Anglo loan

Former finance director of Anglo Irish Bank, Willie McAteer, has pleaded guilty to fraudulently obtaining an €8mn loan from the bank.

McAteer, aged 66, of Co Greenrath, Tipperary Town, Tipperary, entered the plea yesterday morning at Dublin Circuit Criminal Court ahead of his trial, which had been due to start in January 2017 and last for about one month.

McAteer admitted obtaining a loan of €8,426,307 from Anglo on September 29, 2008 which he secured against his shares in the bank. According to the indictment, he then used the money to pay off a personal loan he obtained from Bank of Ireland.