The three men were convicted after the longest criminal trial in the history of the State
A friend of Denis Casey’s has described the former CEO of Irish Life & Permanent as an “ethical person with the height of integrity”.
He was speaking at the sentence hearing of Mr Casey and two former Anglo Irish Bank executives who took part in a 2008 conspiracy to defraud.
Mr Casey has been sitting on his own on a bench next to the dock where former Anglo executives Willie McAteer and John Bowe are sitting.
They were convicted last month of engaging in a dishonest scheme to mislead investors and depositors about Anglo’s health.
They did so through a series of transactions between March and September 2008 that made its corporate deposits look €7.2bn stronger than they were.
John Feeran was the first of a number of character witnesses called today. He described his brother-in-law John Bowe as a generous family man who is “truthful" and “straightforward”.
Patrick O’Shea said his friend Willie McAteer always lived a modest life and wasn’t flash. He said he was very conscious of the reputational loss he has suffered.
Denis Casey was described as a decent and hard working man by his friend Eamon Porter who also said he sacrificed a lot for his career.
Patrick Gageby, who’s representing Willie McAteer, said his client wasn’t the driving force behind the transactions that made Anglo’s corporate deposits look €7.2bn stronger than they actually were in 2008.
Counsel for John Bowe said his client had little to do with their execution, while Denis Casey’s barrister said he would never have authorised them if he thought they were against the wishes of the financial regulator.
The so-called Green Jersey Agenda was raised as mitigation by all three legal teams. During the 89 day trial, evidence was heard that the regulator wanted Irish banks to “circle the wagons” and protect each other in the face of the global banking crisis.
The court heard none of the men made a personal gain from the conspiracy and all have suffered considerable reputational damage.
Sentences will be handed down on Friday.