No Anglo Irish Prosecution "for Several Years"

[Captain Con O'Sullivan]

Funny how many break-ins appear to have Anglo-Irish documentation at the root isn't it? Hope the security lads are on overtime for those little jobs.

There was a break-in to an Anglo director's house in Wicklow wasn't there and a thumbdrive stolen while jewellery and cash in the house was ignored.

Sounds like some connected to the law enforcement side of things in Ireland might be enjoying a wider remit than they imagined when they took the shilling

[Dr. FIVE]

Laptops, external drives as well as ipods and SD cards. Anything that could hold data while the conventional burglary items were left. Professional job too if you were to believe the Phoenix account.

[Stanley 2]

Looks like a second arrest coming up today. Seanie?

http://www.thejournal.ie/willie-mcat...30299-Jul2012/

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


Would fancy if Martin McGuinness and his mates, would have a wee chat with Seanie about this building, we would have the answers in half an hour, instead of a visit to the HC.

Seanie should be volunteering this info.

[C. Flower]

I'm wondering if we are going to hear an interesting defence of "the ***** told us to do it" ?

[PaddyJoe]

Funny how many break-ins appear to have Anglo-Irish documentation at the root isn't it? Hope the security lads are on overtime for those little jobs.

There was a break-in to an Anglo director's house in Wicklow wasn't there and a thumbdrive stolen while jewellery and cash in the house was ignored.

Sounds like some connected to the law enforcement side of things in Ireland might be enjoying a wider remit than they imagined when they took the shilling

Yep, that was Mike Aynsley.

[PaddyJoe]

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


Would fancy if Martin McGuinness and his mates, would have a wee chat with Seanie about this building, we would have the answers in half an hour, instead of a visit to the HC.

Seanie should be volunteering this info.

Reminds me of this thread which involves the Woolgate building, Sean Fitz, D2 Private and many other luminaries
http://www.politicalworld.org/showth...t=10596&page=2

[riposte]

It was very amusing listening to Junior Minister Joe Costello on RTE this morning. He went to Russia to ask the Russian authorities to assist in returning assets belonging to the Irish taxpayer which had been squirrelled away there by the Quinns.

Ha! Ha! ......... he was politely told that he could expect co-operation when Britain returned the assets belonging to the Russian taxpayer squirrelled away in Britain by the Russian Oligarchs

[Slim Buddha]

It was very amusing listening to Junior Minister Joe Costello on RTE this morning. He went to Russia to ask the Russian authorities to assist in returning assets belonging to the Irish taxpayer which had been squirrelled away there by the Quinns.

Ha! Ha! ......... he was politely told that he could expect co-operation when Britain returned the assets belonging to the Russian taxpayer squirrelled away in Britain by the Russian Oligarchs

In other words, Putin swatted him like an irritating fly. I would be surprised if the Quinns actually hold on to this and to the shopping centre in Kiev. The protective arm of Fianna Fail does not reach very far and never did, certainly not as far as Moscow or Kiev. The Quinns were way out of their depth in these places. If you want to play the locals in these games, learn the local rules first.

[Baron von Biffo]

Fitzpatrick has been arrested and is expected to be brought before a court later today.

http://www.breakingnews.ie/ireland/f...ed-560393.html

[Dr. FIVE]

charged with 16 offences

[Stanley 2]

charged with 16 offences

The max fines for these charges are 3k a pop, therefore would think the 3 amigos could easily stump up 50k each and plead guilty to make it go away a bit quicker, maybe DOB would extend a loan or pay it from overseas.

[Stanley 2]

It was very amusing listening to Junior Minister Joe Costello on RTE this morning. He went to Russia to ask the Russian authorities to assist in returning assets belonging to the Irish taxpayer which had been squirrelled away there by the Quinns.

Ha! Ha! ......... he was politely told that he could expect co-operation when Britain returned the assets belonging to the Russian taxpayer squirrelled away in Britain by the Russian Oligarchs

If the Govt need any advice about doing business and property deals in Russia they need look no further than Aer Rianta Intl who have a lot of experience in this area, mainly not good.

From the "video" you can hear the Quinns saying thanks for the 100k in cash but we were expecting 5m and then seem very unprepared as how to handle the cash, would have little doubt the Quinns are been fobbed off nicely with a few bob, the alternative aint nice or healthy.

There is supposed to be Intl companies resident in the Tower building, the Russians will be dealing direct with them and collecting the rentals, Quinns may already be history.

[PaddyJoe]

Fitzpatrick was arrested at Dublin airport by appointment as he arrived back from Atlanta after a holiday.
Last month he was in Poznan for the Euros.
Wish I was that bankrupt.

[Baron von Biffo]

Fitzpatrick was arrested at Dublin airport by appointment as he arrived back from Atlanta after a holiday.
Last month he was in Poznan for the Euros.
Wish I was that bankrupt.

If you were bankrupt I'm sure the missus would give you the odd little treat.

It may be to do with the idea of opposites attracting but the spouses of bankrupts are often seen to be very prudent in the ordering of their financial affairs. They can usually be relied on to maintain standards in the face of adversity.

[ang]

For clarity - Section 60 of the 1963 Companies Act under which the three concerned have been charged -

60.—(1) Subject to subsections (2), (12) and (13), it shall not be lawful for a company to give, whether directly or indirectly, and whether by means of a loan, guarantee, the provision of security or otherwise, any financial assistance for the purpose of or in connection with a purchase or subscription made or to be made by any person of or for any shares in the company, or, where the company is a subsidiary company, in its holding company.

(2) Subsection (1) shall not apply to the giving of financial assistance by a company if—

(a) such financial assistance is given under the authority of a special resolution of the company passed not more than 12 months previously; and

(b) the company has forwarded with each notice of the meeting at which the special resolution is to be considered a copy of a statutory declaration which complies with subsections (3) and (4) and also delivers, on the same day as such notices are issued, a copy of the declaration to the registrar of companies for registration.

(3) The statutory declaration shall be made at a meeting of the directors held not more than 24 days before the said meeting and shall be made by the directors or, in the case of a company having more than two directors, by a majority of the directors.

(4) The statutory declaration shall state—

(a) the form which such assistance is to take;

(b) the persons to whom such assistance is to be given;

(c) the purpose for which the company intends those persons to use such assistance;

(d) that the declarants have made a full inquiry into the affairs of the company and that, having done so, they have formed the opinion that the company, having carried out the transaction whereby such assistance is to be given, will be able to pay its debts in full as they become due.

(5) Any director of a company making the statutory declaration without having reasonable grounds for the opinion that the company having carried out the transaction whereby such assistance is to be given will be able to pay its debts in full as they become due, shall be liable to imprisonment for a period not exceeding 6 months or to a fine not exceeding £100 or to both; and if the company is wound up within the period of 12 months after the making of the statutory declaration and its debts are not paid or provided for in full within the period of 12 months after the commencement of the winding up, it shall be presumed until the contrary is shown that the director did not have reasonable grounds for his opinion.

(6) Notwithstanding anything in the articles of association of the company, every member of the company shall have the right to receive notice of and to attend the meeting at which the special resolution is to be proposed.

(7) Unless all of the members of the company entitled to vote at general meetings of the company vote in favour of the special resolution, the transaction whereby such assistance is to be given shall not be carried out before the expiry of 30 days after such special resolution has been passed or, if an application under subsection (8) is made, until such application has been disposed of by the court.

(8) If application is made to the court in accordance with this section for the cancellation of the special resolution, such special resolution shall not have effect except to the extent to which it is confirmed by the court.

(9) Subject to subsection (10), an application under subsection (8) may be made by the holders of not less in the aggregate than 10 per cent. in nominal value of the company's issued share capital or any class thereof.

(10) An application shall not be made under subsection (8) by any person who has consented to or voted in favour of the special resolution.

(11) An application under subsection (8) must be made within 28 days after the date on which the special resolution was passed and may be made on behalf of the persons entitled to make the application by such one or more of their number as they may appoint in writing for the purpose.

(12) Nothing in this section shall be taken to prohibit the payment of a dividend properly declared by a company or the discharge of a liability lawfully incurred by it.

(13) Nothing in this section shall be taken to prohibit—

(a) where the lending of money is part of the ordinary business of the company, the lending of money by the company in the ordinary course of its business;

(b) the provision by a company, in accordance with any scheme for the time being in force, of money for the purchase of, or subscription for, fully paid shares in the company or its holding company, being a purchase or subscription of or for shares to be held by or for the benefit of employees or former employees of the company or of any subsidiary of the company including any person who is or was a director holding a salaried employment or office in the company or any subsidiary of the company;

(c) the making by a company of loans to persons, other than directors, bona fide in the employment of the company or any subsidiary of the company with a view to enabling those persons to purchase or subscribe for fully paid shares in the company or its holding company to be held by themselves as beneficial owners thereof.

(14) Any transaction in breach of this section shall be voidable at the instance of the company against any person (whether a party to the transaction or not) who had notice of the facts which constitute such breach.

(15) If a company acts in contravention of this section every officer of the company who is in default shall be liable:

(a) on conviction on indictment, to imprisonment for a term not exceeding 2 years or to a fine not exceeding £500 or to both, or

(b) on summary conviction, to imprisonment for a term not exceeding 6 months or to a fine not exceeding £100 or to both.

(16) Nothing in this section shall prejudice the provisions of section 72.

Construction of references to offering Shares or Debentures to the Public.

http://www.irishstatutebook.ie/1963/...3/sec0060.html