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Ex-Anglo Irish Chairman Fitzpatrick Arrested in Fraud Probe

Former Anglo Irish Bank Corp. Chairman Sean Fitzpatrick was charged following a fraud investigation into the failed lender that has cost Irish taxpayers 29 billion euros ($35 billion) to bail out.

Fitzpatrick was arrested today and charged with breaches of company law, Detective Sergeant Brian Mahon said at a hearing at the Courts of Criminal Justice in Dublin. The 64-year-old declined to comment when charges were read to him, police said. Judge Cormac Dunne ordered Fitzpatrick be released on bail and appear again in court on Oct. 8.