Former Senior Irish Banker Not Guilty in Fraud Conspiracy Trial

A former senior Irish banker was cleared of conspiring to defraud customers and investors during the financial crisis, after the longest criminal trial in the country’s history.

Irish Life & Permanent Plc’s former finance director, Peter Fitzpatrick, wept in court after he was found not guilty in Dublin on Friday. The jury continues to deliberate on similar charges against the former chief executive officer of the company, Denis Casey.

The two former executives had pleaded innocent to charges they helped created a false impression of the financial health of a second lender, Anglo Irish Bank Corp. through facilitating a circular payment in 2008.

Two former executives at Anglo Irish, Willie McAteer and John Bowe, were found guilty on similar charges two days ago.

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