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Ex-Anglo Irish bank boss arrested


Ireland

Ex-Anglo Irish bank boss arrested

The former head of the bank at the centre of Ireland’s economic crisis has been arrested.

Sean Fitzpatrick, who was with Anglo Irish bank for 20 years, served as chief executive, then chairman.

He is expected to appear at a Dublin court on Tuesday.

This is the third time Fitzpatrick has been detained during an investigation lasting three and a half years.

Four years ago, he admitted not telling shareholders about his 84 million euro loan from the bank.

Two other ex-senior executives at Anglo Irish were arrested on Monday for financial irregularities.

The nationalisation of Anglo Irish bank, recently re-named Irish Bank Resolution Corporation, is expected to cost Irish taxpayers around 30 billion euros.

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