Ex-Anglo Irish Bank chief faces new fraud charges

Published December 21, 2012 3:22pm ET



DUBLIN (AP) — The former chief executive of Ireland’s collapsed Anglo Irish Bank, Sean FitzPatrick, was arraigned Friday on new fraud charges that he misled auditors and shareholders over €140 million ($180 million) in personal loans that the bank surreptitiously provided — and he never repaid.

FitzPatrick, a 64-year-old former accountant who was a leading driver of Ireland’s Celtic Tiger boom, offered no plea to 12 counts of accounting fraud and was freed on bail. Prosecutors said they expect the case to proceed March 1 and, if found guilty, FitzPatrick could face fines and up to five years in prison.

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