Seán FitzPatrick trial over €139m loans put back

Hearing which was due to start in October rescheduled after defence requests more time

Former Anglo Irish Bank chairman Sean Fitzpatrick faces 12 counts of failing to disclose to auditors Ernst & Young the true value of loans worth at least €139 million given to him or people connected to him, by Irish Nationwide Building Society. Photograph: Aidan Crawley/The Irish Times
Former Anglo Irish Bank chairman Sean Fitzpatrick faces 12 counts of failing to disclose to auditors Ernst & Young the true value of loans worth at least €139 million given to him or people connected to him, by Irish Nationwide Building Society. Photograph: Aidan Crawley/The Irish Times

The trial of former Anglo Irish Bank chairman Seán FitzPatrick on charges of failing to tell the bank's auditors about loans he received has been put back to February next year.

Today at Dublin Circuit Criminal Court, counsel for Mr FitzPatrick applied to delay the start of the trial, which was originally fixed for October 7th next.

Michael O’Higgins SC said the defence needed more time to examine the significant amount of evidence disclosed to them.

He told the court that legal teams for both sides had been fully engaged in the previous trial that ended in April.

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He also said this trial had attracted an enormous amount of publicity and that there should be a fade factor in place to allow the next trial to take place in a more tranquil context.

Counsel said that Mr FitzPatrick’s subsequent acquittal had resulted in some agitation on social media.

Judge Mary Ellen Ring asked why the need for an adjournment was not raised earlier by either side given that some of these issues would have been "blindingly obvious".

Una Ni Raifeartaigh SC, prosecuting, told the court that there is a team of people working flat out on the pre-trial planning and scheduling.

Judge Ring relisted the trial, which is expected to last two months, for February 2nd, 2015. She set a new pre-trial hearing date for December 1st next.

She said that the court will not entertain any more applications to adjourn the trial.

She said that a number of people who are in custody for other offences had been refused an early trial date because the court dates had been blocked by this trial.

Mr FitzPatrick (65) of Camaderry, Whitshed Road, Greystones, Co. Wicklow is charged under Section 197 of the Companies Act 1990.

He faces 12 counts of failing to disclose to auditors Ernst & Young the true value of loans worth at least €139 million given to him or people connected to him, by Irish Nationwide Building Society from 2002 to 2007 while he was an officer of the bank.

Mr FitzPatrick was present in court for the short hearing.