€7.2bn Anglo transaction 'had no commercial substance', jury is told

A €7.2 bn transaction between Anglo Irish Bank and Irish Life and Permanent had no commercial substance because Anglo's asset profile didn't change, a jury has heard.

€7.2bn Anglo transaction 'had no commercial substance', jury is told
Tue, 01 May, 2018 - 18:20

By Sarah-Jane Murphy

A €7.2 bn transaction between Anglo Irish Bank and Irish Life and Permanent had no commercial substance because Anglo's asset profile didn't change, a jury has heard.

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CourtsCourt casePlace: LondonPlace: Skerries, Co DublinPerson: Sarah-Jane MurphyPerson: Dan TaylorPerson: David DrummPerson: DrummPerson: TaylorPerson: Paul O'HigginsPerson: O'HigginsPerson: Denis CaseyPerson: William McAteerPerson: John BowePerson: CEOPerson: Karen O'ConnorOrganisation: AngloOrganisation: Anglo Irish BankOrganisation: Irish LifeOrganisation: PermanentOrganisation: BDOOrganisation: Dublin Circuit Criminal CourtOrganisation: ILPOrganisation: SC
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