Tag Archives: Pat Whelan

Screen-Shot-2014-07-31-at-11.08.20

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

mcateeranglo
[From top: Former Finance Director of Anglo Irish Bank, Willie McAteer, and former Managing Director of Anglo Irish Bank, Pat Whelan, arriving at the Dublin Circuit Criminal Court this morning for their sentencing. On April 17, they were both convicted of giving illegal loans to ten property developers, known as the Maple 10, to buy shares in the bank in 2008]

Anglo sentencing hearing resumes (RTÉ)

Previously: ‘I Imagine There Will Be An Appeal’

Leon Farrell/Photocall Ireland