Official would have considered alleged refinancing arrangement as significant, court hears

The man in charge of auditing Anglo Irish Bank for seven years has told a jury that he would have considered an alleged refinancing arrangement of loans to Sean FitzPatrick as significant to the audit.

Mr FitzPatrick (aged 68), the bank's former chairman, is accused of misleading auditors about multi-million euro loans from 2002 to 2007. He has denied all charges.