Two former directors of Anglo Irish Bank have been charged in relation to alleged €8m fraud at the former lender. More follows #ntfm
— Newstalk 106-108fm (@NewstalkFM) August 11, 2014
More as they get it.
UPDATE:
Former Anglo directors Willie McAteer and Patrick Whelan charged in relation to €8 million loan by the bank to McAteer.
— Tom Lyons (@TomLyonsBiz) August 11, 2014
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Love that, ‘more as they get it’. The main hazard of your journalism Bodger is leaning back too far in the chair.
I’m not having a go; I’m jealous.
You are having a go
Leave Bodger alone ;)
“journalism”
Heh.
That should equate to 8 hours community service each so
Sounds about right, in accordance with what the Irish can expect from our courts and the golden circle members known as judges.
Are you saying that justice is dispensed by way of the cakehole in this fair land Mr Outside!?
I don’t think so :) …just that we needn’t expect there to be much or any punishment for this.
I thought you couldn’t be charged with fraud if you earned over 200K per annum.
No, over 200K it’s fraud. Under 200K it’s theft.
One gets community service and a ban from the Golf Club for a year. The other gets 10 years jail.
Actual chance of jail time with this one.
From what i’ve read, he loaned himself the 8m to pay back a BOI loan he was personally liable for. His only collateral put up was his Anglo shares. McAteer then signed off on the loan.
Both were in positions that would have known about the state of the shares.
If the loan was issued after the Maple Ten loans, then he should be rubber ducked.
I’m guessing they will take the ‘ I didnt know the bank was f##cked ‘ defence together with the ” I had every intention of paying it back” route.
we all partied
I don’t remember.. so therefore I not liable, your honour.
kilbarrack youth service will see the services of these two