Bankrupt former Anglo Irish Bank chairman Sean FitzPatrick has told the High Court he intended any profits from his Stg£250,000 investment in a London property, funded via a loan from Anglo, would give “a lift” and “a chance of money” to a “bright young kid” who joined the bank from school.
Mark Redmond could have made thousands “or nothing, which is what it turned out to be”, Mr FitzPpatrick said.
Mr FitzPatrick added he paid, from his own money as “gifts”, school and college fees for some children of Anglo officials.
The man’s a saint.
FitzPatrick says he paid education fees of Anglo officials’ children as “gifts” (Mary Carolan, Irish Times)
(Sam Boal/Photocall Ireland)