Three former Anglo Irish Bank officials on trial
Three former Anglo Irish Bank officials have gone on trial accused of hiding accounts connected to former Chairman Sean FitzPatrick on which tax may have been payable.
Former Anglo company secretary, Bernard Daly (65) of Collins Avenue West, Whitehall, Dublin, former Chief Operations Officer Tiarnan O'Mahoney (54) of Glen Pines,Enniskerry, Co. Wicklow and Aoife Maguire (60) of Rothe Abbey, South Circular Road, Kilmainham, Dublin, are facing charges relating to offences allegedly committed in 2003 and 2004. They have pleaded not (NOT) guilty to all seven charges.
During the trial opening today the prosecution told the jury that the case revolves around non-resident bank accounts held by Anglo. The Revenue were investigating such accounts to see if they were bogus and if Deposit Interest Retention Tax (DIRT) was owed on them as a result.
Mr O'Mahoney and Mr Daly are alleged to have supplied a list to Revenue of non-resident accounts held by Anglo which didn't include one account held by John Peter O'Toole, who the court heard is a brother in law of Mr FitzPatrick.
Ms Maguire, Mr Daly and Mr O'Mahoney are also accused of asking Anglo's IT department to delete records of two accounts in the name of Mr O'Toole from the Core Banking System (CBS)
Mr O'Mahoney and Ms Maguire are further alleged to have deleted records relating to six other accounts which were either connected to Mr FitzPatrick or to MrO'Mahoney.
The court heard a task group was set up within Anglo in 2003 to cooperate with Revenue's investigation into the non-resident accounts. The prosecution allege that MsMaguire was assigned to the group by Mr O'Mahoney to influence the deletion of records related to the account connected to Mr FitzPatrick.
Prosecuting counsel Dominic McGinn SC warned the jury that significant parts of the trial will be boring and that there will be “no car chases or punch ups.” He said this does not make the trial any less important and that the jury must decide it based on witnesses and documents presented to them.
The trial will hear its first witness tomorrow before Judge Patrick McCartan and a jury of six men and six women.