Showing posts with label Ireland. Show all posts
Showing posts with label Ireland. Show all posts

Tuesday, July 31, 2012

UPDATE: Former Anglo Irish Chairman Sean FitzPatrick Charged

-- Former Anglo Irish chairman FitzPatrick arrested and charged
-- Indictments relate to allegations he helped individuals prop up the bank's shares in 2008
-- Charges come as investigation into Anglo Irish ends
(Adds details, background throughout.)
By Eamon Quinn
DUBLIN--Authorities in Ireland arrested and indicted the former chairman of Anglo Irish Bank Corp., Sean FitzPatrick, who becomes the most senior executive to face charges in an investigation into financial irregularities at the lender that helped push the country into its huge debt crisis.
A Dublin court heard that Mr. FitzPatrick was arrested early Tuesday at Dublin airport after returning from overseas. He is charged with helping the bank provide funds to individuals to help purchase shares in the bank. He was released on bail ahead of the next court hearing in early October.
A spokesman for the law firm representing Mr. FitzPatrick said it had no comment to make.
The charges come after a joint investigation between the country's Director of Corporate Enforcement, or ODCE, and Irish fraud police was officially started about three years ago into the bank that cost Irish taxpayers at least 32 billion euros ($38.8 billion) to keep it from collapse when the property

Friday, March 30, 2012

Two thirds of Irish households refuse to pay banker property tax

Just over 30% or 600,000 of the 1.8 million eligible households in Ireland have so far paid a new €100 household charge, reports the Irish Independent.
The number of people paying the tax is bound to increase before the deadline tomorrow. But the refusal of two thirds of the Irish households to pay the property tax is one of the largest acts of civic disobedience ever in modern Irish history.