Anglo debacle: Judge issues fine to former director over mishandling of loan registration procedures – TheLiberal.ie – Our News, Your Views

Anglo debacle: Judge issues fine to former director over mishandling of loan registration procedures





A judge has issued a €3,000 fine to former Anglo director Pat Whelan over the latter’s failure to register an €8.2m loan on the bank’s books.

The loan in question was fraudulently drawn down to refinance other borrowings. Mr. Whelan faces up to 7 years in prison if convicted.

Anglo Irish Bank was wound down and a large bill handed down to taxpayers in lieu of the bank’s shortcomings.

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