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Former director of lending at Anglo Irish Bank Pat Whelan

RTÉ reports:

Former director of lending at Anglo Irish Bank Pat Whelan has been fined €3,000 for failing to maintain a register detailing an €8m loan to another former director of the bank.

Willie McAteer, Anglo’s former head of finance, has pleaded guilty to fraudulently obtaining a loan for more than €8m from the bank on 29 September 2008. He will be sentenced next Monday.

… Lawyers for Whelan said it would not normally be his role to maintain such a register but the legislation imposes an obligation on all directors aware of such loans to see that it is done.

The maximum penalty for the offence of failing to maintain a register of loans to directors is almost €13,000.

… Whelan has a previous conviction for giving unlawful loans to ten developers to buy shares in Anglo.

He was sentenced to 240 hours of community service after that trial.

Former Anglo Irish Bank director Whelan fined €3,000 (RTE)

Previously: Gone In 120 Seconds

Rollingnews

17 thoughts on “A €3,000 Fine

  1. Holden MaGroin

    “… Lawyers for Whelan said it would not normally be his role to maintain such a register but the legislation imposes an obligation on all directors aware of such loans to see that it is done.”

    So it was his job then. FFS.

    1. bisted

      …I once found a score in the carpark of the Montrose Hotel at this time of year…few amounts of money coming my way since have given as much joy…

  2. jusayinlike

    jaysus the judiciary really came down on him hard, sends out a clear message; treacherous corruption will not be tolerated by the fg run judiciary

  3. blueswannabe

    2nd time caught, 3000 fine, wonder what salary the “director of lending at Anglo Irish” was on, guessing so much 3k is a relatively paltry sum though. Shameful.

  4. Spaghetti Hoop

    When does the community service start and will the public be afforded the opportunity to watch?

  5. ahjayzis

    Ah leave him be.

    It’s not like he burgled a house – helping to tank a bank is a victimless crime as we all now.

    1. Peter Dempsey

      Having your house broken into is no joke. My gran never recovered after interrupting two burglars who beat her to a pulp. Still they came from an underprivileged background so you’ll probably make excuses for them

  6. Junkface

    “Oh yeah bold pup…ah sure here’s a wee fine”. He must know people in FG and FF.

    Great little country for corruption we are! Great!

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