Ireland puts first bankers on trial since crisis

bankers-split

Ireland put three former bankers on trial on Friday in its first such case since the financial crisis that forced it to accept an 85 billion euro (69 billion pounds) international bailout.

The three former executives of collapsed Anglo Irish Bank pleaded not guilty to charges of providing unlawful financial assistance by lending money to others to buy the bank’s shares, boosting its stock price.

The high-profile trial of former chairman and chief executive Sean FitzPatrick and two other executives, Willie McAteer and Pat Whelan, could run for several months.

reuters.com

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Published in: on February 5, 2014 at 08:20  Leave a Comment  
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