Former chairman of Anglo Irish Bank arrested
The former chairman of Anglo Irish Bank has been arrested by fraud squad officers investigating financial irregularities.
Sean Fitzpatrick is expected to appear before the Criminal Courts this morning.
It is the third time he has been arrested in connection with the investigation.
It is understood the 64-year-old was arrested at Dublin Airport this morning by gardai attached to the Office of the Director of Corporate Enforcement.
Fitzpatrick is the third person to be arrested so far this week in connection with an ongoing investigation into financial irregularities at the collapsed bank.
Former senior executives Willie McAteer and Pat Whelan were charged yesterday with a string of fraud offences over a failed insider trading scam.
They both face up to five years in jail for each of the 16 charges of advising and lending millions to a golden circle of investors to falsely inflate Anglo's share prices.
Bankrupt billionaire Sean Quinn's wife and children were among those involved in the ill-fated plot to save the sinking bank in July 2008.
Anglo was nationalised months later, in January 2009, and has since cost the Irish taxpayer about 30 billion euro (£23.4 billion) - almost half the value of the country's bank bailout.
Former finance director McAteer, 61, from Rathgar in south Dublin, was arrested yesterday morning on the N7 at Rathcoole on the outskirts of the city.
His alleged co-conspirator and former managing director of lending at the toxic bank, Whelan, 50, was detained at his home in Malahide, north Dublin.
World news in pictures
Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
Plenty of Fish dating site founder pulls 'Intimate Encounters' option to ward off sleazy men
Oklahoma tornado latest: Obama pledges support for 'as long as it takes' to rebuild the suburb of Moore
Video emerges of Pope Francis reportedly performing an exorcism
- 1 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 2 Swedes set up 'ultimate Viking movie'
- 3 After woman sells virginity for $780,000, here are the results of our prostitution survey
- 4 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 5 'It was just like the movie Twister': Man survives Oklahoma tornado by taking refuge in horse stall
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
Excellent Salary Package - £60K to £120K: Austen Lloyd: We have an exciting op...
£200 - £250 per day: Progressive Recruitment: Java Developer - Urgent Requirem...
£70000 - £95000 per annum + Bonus, flexible working hours, remote work: Progre...
£50000 - £56000 per annum + Benefits package, flexible working hours: Progress...