Anglo jury finish tenth day of deliberations

They have been deliberating for almost 45 hours in the longest running criminal trial in the history of the state

Anglo jury finish tenth day of deliberations

Denis Casey and Peter Fitzpatrick | Photos: RollingNews.ie

The jurors in the longest running criminal trial in the history of the state have finished their tenth day of deliberations.

They’re considering the cases against two former Irish Life & Permanent (ILP) bankers accused of conspiring to defraud.

In 2008, Denis Casey was the Group CEO of ILP while Peter Fitzpatrick worked there as its finance director.

In the five months leading up to the end of September of that year, they’re accused of taking part in a conspiracy to defraud by misleading investors and depositors about the state of Anglo Irish Bank at the time.

Yesterday, former Anglo executives Willie McAteer and John Bowe were convicted of the same charge.

The two former ILP bankers authorised €7.2bn in so-called circular transactions that appeared on Anglo’s books as corporate deposits and gave the impression that Anglo was in better shape than it actually was.

However, both men deny any involvement in the conspiracy and claim they expected Anglo to account for the transactions properly.

The jurors have now been deliberating for almost 45 hours and will return to the jury room tomorrow morning.