Former Anglo Irish Bank chairman Sean FitzPatrick is cleared of fraud charges

Published January 08, 2015

A jury has cleared former Anglo Irish Bank chairman Sean FitzPatrick of all fraud charges related to a loans-for-shares scheme that preceded the bank's 2009 collapse.

The 65-year-old FitzPatrick had denied providing illegal financial help to selected clients.

The verdict reached Wednesday removes the final charges against FitzPatrick. Other charges against him were dismissed last week. The jury is still considering charges against two other bank directors.

The Dublin Circuit Criminal Court case is the first prosecution related to the collapse of the bank, regarded as having brought Ireland to the brink of national bankruptcy.

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