Sean FitzPatrick 'had no reason to hide full extent of loans from Anglo'

Former Anglo Irish Chairman Sean FitzPatrick told gardaí that he had no reason to hide the full extent of his loans from the bank, his trial has heard.

It is the prosecution's case that multi-million euro loans taken out by Mr FitzPatrick (aged 68) and his family were “artificially reduced” for a period of two weeks around the bank's financial end of year statement by short term loans from other sources, including Irish Nationwide Building Society (INBS).