Ex-Anglo Irish CEO Arrested In Fraud Probe

Law360, New York (July 24, 2012, 2:40 PM EDT) -- The former head of Anglo Irish Bank was reportedly arrested by Irish police Tuesday as part of their ongoing investigation into fraud at the now-nationalized bank.

Sean FitzPatrick, who was the chairman and CEO of Anglo Irish, now named Irish Bank Resolution Corp. Ltd., was detained at the Dublin Airport, having just returned from the U.S., the Irish Times reported. He later appeared in court and was released after paying bail of €1,000 ($1,206) and a surety of €10,000. It marked the third time Irish police...
To view the full article, register now.