The man who used to be in charge of the bank most connected to Ireland’s financial crisis has been charged with 16 fraud-related offences.
After being arrested on Tuesday morning, the former head of Anglo Irish Sean Fitzpatrick, appeared before a Dublin court.
Fitzpatrick, who is currently on bail, is accused of allowing Anglo Irish to give “unlawful financial assistance” to 16 people – including his wife and five children – so they could buy shares in the bank four years ago.
The 64-year-old remained silent while the charges were read out in court.
The highest profile banker in Ireland to face a prison term, if convicted Fitzpatrick could get five years behind bars.
Nationalisation of Anglo Irish will cost Irish taxpayers around 30 billion euros.