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Trial opens over bank 'which nearly broke Ireland'

Published on Feb 5, 2014 11:07 PM

DUBLIN (AFP) - The trial of senior executives at the bank that almost broke Ireland opened in Dublin on Wednesday, beginning what is expected to be one of the longest trials in Irish legal history.

The former chairman of Anglo Irish Bank, Sean FitzPatrick, 65, and two former executives, Patrick Whelan, 51, and William McAteer, 63, are charged with 16 counts each of providing unlawful financial assistance to individuals to buy shares in the bank.

They have all pleaded not guilty.

Each charge relates to a specific person who allegedly received financial assistance from the bank in July 2008 and includes the now-bankrupt former billionaire businessman, Mr Sean Quinn, as well as his wife and children.

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