No extra jail for ex-Anglo executive Willie McAteer

Former Anglo Irish Bank executive Willie McAteer will not serve any extra time in prison for receiving a fraudulent loan in September 2008 in order to keep the bank from failing.

Imposing a sentence of two and a half years, Judge Martin Nolan said survival was the main motivating factor in the fraud trade. McAteer, then director of finance at the bank, obtained the €8m loan as the bank was on the brink of collapse.

McAteer is already serving a three-and-a-half-year prison term imposed in July 2016 for his part in a separate €7.2bn fraud. The latest sentence will run alongside this.