Former Chief Of Top Irish Bank Arrested Over Allegedly Hiding More Than $100M In Personal Loans
DUBLIN — The former chairman of Anglo Irish Bank Corp. was arrested Thursday on suspicion of committing fraud after he hid more than euro70 million ($100 million) in personal loans from shareholders.
Police said they arrested Sean FitzPatrick, 61, at his home in affluent Greystones, south of Dublin, at sunrise and seized his financial records during a search.
An arrest of FitzPatrick – one of Ireland's most high-profile businessmen during the lost Celtic Tiger boom – had been expected ever since police raided the Anglo Irish headquarters in April 2009 shortly after the bank's emergency nationalization to prevent its collapse . . .