New investigation into Sean Fitz's undocumented loan to junior Anglo exec

[PaddyJoe]

The Woolgate building comes up again:

Bankrupt former chairman of Anglo Irish Bank Seán FitzPatrick will be cross-examined in the High Court later this year about the ownership of a high-rise building in London.

Ms Justice Elizabeth Dunne heard the court official in charge of Mr FitzPatrick's estate has concerns about whether or not this building, the Woolgate Exchange, forms part of Mr FitzPatrick's property.
The matter will go before the court again on 8 October, when a date will be set for Mr FitzPatrick's examination.

http://www.rte.ie/news/2012/0723/fit...-exchange.html

[Stanley 2]

The Woolgate building comes up again:


http://www.rte.ie/news/2012/0723/fit...-exchange.html

http://www.irishexaminer.com/ireland...ck-201752.html


Anyone know why this has to wait until Oct, surely they can discover the various documents, put relevant people in a room and discuss, couple of weeks - max

[Apjp]

There is absolutely no doubt whatsoever in my mind that some of these rather loosely documented loans will have been passed to members of the Oireachtas not to mention certain members of the media.

Put it this way- if Fitzpatrick felt obliged to lend a 24 year old documentation clerk at Anglo who knew the ins and outs of who was getting what on the nod a number of millions of euro then you can be fairly sure it wasn't an excellent credit score that happened to qualify the young lad for that sort of money.

It was because of what he knew, most likely. That young lad needs to be put on the stand should Garda Joe ever stop licking his pencil and should the DPPs garage get so full of Garda files that one slips through to a court case by mistake.

Aren't certain ministers O reilly and Shatter big landowners? Isn't Phil Hogan an auctioneer? Why don't people ask these questions before they vote the same class into power that ruined the country next time? Ireland has always been run by the landowning class, protestant or catholic ascendancy.

[Apjp]

http://www.irishexaminer.com/ireland...ck-201752.html


Anyone know why this has to wait until Oct, surely they can discover the various documents, put relevant people in a room and discuss, couple of weeks - max

In fairness, six weeks is nothing compared to the last 4 years. Hopefully somebody does fall into jail out of this. Sean quinn junior though is in a luxury prison so do not expect Seanie and the boys to be kipping with the cockroaches in Mountjoy even if by some miracle they are locked up(fines being more likely).

[PaddyJoe]

Lawyers for Fitzpatrick did not want him examined when he appeared in the High Court today in connection with the Woolgate Exchange:

Lawyers for Mr FitzPatrick told the court there could be an issue of prejudice if he is examined on a particular issue.
In July, the High Court was told the official assignee wanted to examine Mr FitzPatrick about the ownership of a large London office investment property.
Today had been set to fix a date for that examination.
However, Miss Justice Elizabeth Dunne adjourned the matter for two weeks and asked Mr FitzPatrick's legal team to lodge sworn statements setting out their submissions on the issue of prejudice.

http://www.rte.ie/news/2012/1008/fit...adjourned.html

[Stanley 2]

Lawyers for Fitzpatrick did not want him examined when he appeared in the High Court today in connection with the Woolgate Exchange:

http://www.rte.ie/news/2012/1008/fit...adjourned.html

Amazing how everybody pussyfoots it around Fitzpatrick, on the face of it this should have been completed ages ago.

[PaddyJoe]

Strange stuff going on in court this morning.

In July the High Court was told the official assignee wanted to examine Mr Fitzpatrick about the ownership of a large London office investment property.
Ms Justice Elizabeth Dunne adjourned the matter for two weeks and asked Mr. Fitzpatrick's legal team to lodge sworn statements setting out their submissions on the issue of prejudice. Today she noted that had still not been done.

She described as "bizarre and unusual" the fact that two different legal representatives appeared at the bankruptcy court on behalf of Mr FitzPatrick.
Ms Justice Eliabeth Dunne said she was concerned if Mr Fitzpatrick was giving the same instructions to both sets of legal representatives.

http://www.rte.ie/news/2012/1022/cou...tzpatrick.html

[DCon]

Strange stuff going on in court this morning.


http://www.rte.ie/news/2012/1022/cou...tzpatrick.html

whoever is paying his legal bills must have money to burn

[PaddyJoe]

whoever is paying his legal bills must have money to burn

Looks like its all about trying to delay the investigation into the ownership of the Woolworth building.
The case has been adjourned for another four weeks.

[Baron von Biffo]

whoever is paying his legal bills must have money to burn

The missus had a few pound put by in the Post Office for a rainy day.

[PaddyJoe]

More detail in the IT today. One legal team in court is representing Fitzpatrick against the official assigned to his bankruptcy, Chris Lehane.
The other is representing him in the upcoming criminal trial and wants the bankruptcy proceedings adjourned pending the criminal trial.
Miss Justice Elizabeth Dunne said that it was 'bizarre' and 'unprecedented' to have two legal teams representing a client at the same hearing.
Quite apart from that there's some other unusual circumstances.
At the last hearing Justice Elizabeth Dunne ordered that the defence file an "affidavit outlining the practical reasons why the case should be put back and whether or not there could be a conflict, but this had not been done"
Is is common that a Judge's order is ignored in this way?
Fitzpatrick's criminal trial representative, Michael Staines, said that the Director of Public Prosecutions was also “thinking about” the bankruptcy case and was “concerned about it”. She may be making an application herself to have the bankruptcy proceedings adjourned, he said.
Is it usual for the DPP to discuss a criminal case with the defense in this way before a trial?

Bernard Dunleavy was present in court to represent Mr FitzPatrick in the bankruptcy proceedings. But an application was made by his criminal courts solicitor, Michael Staines, who is representing him in legal action involving Anglo Irish Bank, to have the case adjourned pending the criminal trial.

Mr Staines told Miss Justice Dunne the court should not proceed with questioning Mr FitzPatrick, allowed under section 21 of the Bankruptcy Acts, until the outcome of the criminal case.

Official assignee Chris Lehane, the court official who takes charge of assets in bankruptcy cases, wanted to examine Mr FitzPatrick about the ownership of a London office investment property.

Mr Staines told the Court the Director of Public Prosecutions was also “thinking about” the bankruptcy case and was “concerned about it”. She may be making an application herself to have the bankruptcy proceedings adjourned, he said.

http://www.irishtimes.com/newspaper/...325577584.html

[Captain Con O'Sullivan]

Why the ***** is this court allowing Michael Staines to lead the proceedings? And who empowered him to speak for the DPP in this case?

Any why is Michael Staines privy to the DPPs thoughts?

[PaddyJoe]

Back in court in January:

Former Anglo Irish Bank chairman Seán FitzPatrick is no longer objecting to being cross-examined about dealings relating to a London office block, the High Court heard yesterday.

Chris Lehane, the court official administering Mr FitzPatrick’s bankruptcy, wants to cross-examine him over ownership of the Woolgate Exchange in London.

Yesterday Ms Justice Elizabeth Dunne was told by Michael Staines, solicitor for Mr FitzPatrick, that he was happy for the cross-examination to proceed as Mr FitzPatrick was to be cross-examined on a narrow issue that would not have an impact on the criminal proceedings.

Given the media coverage that would ensue, Mr Staines asked that the court be mindful of the fact criminal proceedings were in motion.

http://www.irishtimes.com/newspaper/...327960818.html

[Slim Buddha]

Interesting to see whether the document destruction episode features in the Garda banking inquiry into Anglo.

That would be theft and destruction of property belonging to Anglo shareholders. It might be a powerful bit of evidence if it can be traced to instructions from any senior banker there as well.

Mr Redmond should feature as a witness on the stand if he was the loan documenter for Fitzpatrick and should be asked about processes before he is asked questions about the loans he received and who handled the documentation for that.

If I were a shareholder at Anglo who had lost substantially on my shares there I would be forwarding this to the Garda enquiry and asking them to duly take note of it and if it doesn't appear in their report I would want to know why and would be prepared to take civil action against the corporate governance committee and bank board directors responsible for overseeing loan documentaion procedures.

This is absolutely filthy- we have had files locked off by persons unknown thereby denying Anglo access to its own records and here we see there was a substantial amount of documentation destroyed.

I can't see how the Gardai are going to be able to avoid charging people here.

Where there is a will, there is a way.

Law enforcement, Irish style.

[Stanley 2]

Where there is a will, there is a way.

Law enforcement, Irish style.

The Official Assignee, Chris Lehane, is less than useless, Gerard Kilally off Biffo FF fame, rang rings around him until he was embarrassed into taking legal action which ended up with a 3 yr suspended sentence, water off a duck's back to your average FFer not to mind an 84m bankrupt.