Jury selection is due to begin today for the trial of former Anglo Irish Bank Corp. Chairman Sean Fitzpatrick and two other executives facing corporate law charges after an investigation into the failed lender.
A panel of 12 jurors and three alternates is scheduled to be chosen today in the Dublin Circuit Criminal Court. Fitzpatrick, 64, Willie McAteer, 63, the former finance director and Pat Whelan, 51, a one-time managing director of Anglo Irish’s Irish unit, face charges in relation to the bank’s alleged provision of loans to 16 clients to purchase shares in the bank in 2008. Opening statements in the trial are set for Feb. 4.
Fitzpatrick, McAteer and Whelan didn’t comment when arrested and charged in July 2012, police officers said in court.
Police and the nation’s corporate law enforcer began an investigation into Anglo Irish in February 2009, a month after the state moved to save the bank. The lender cost taxpayers 29.3 billion euros to bail out before it was renamed Irish Bank Resolution Corp., or IBRC, in 2011. The government is now liquidating the bank.
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