Anglo and ILP trial delayed until Wednesday

The trial of two Anglo Irish Bank and two Irish Life & Permanent (ILP) executives has been delayed until next Wednesday.

The executives, including former ILP chief executive Denis Casey and former Anglo head of finance Willie McAteer, are accused of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2 billion more valuable than it was.

An enlarged jury of 15 was sworn in at Dublin Circuit Criminal Court for the trial which is expected to last about five months.

There were two days of legal argument this week in the absence of the jury. At one point, there were 19 barristers and six solicitors in court representing the accused and the DPP.

Mr McAteer (65) of Greenrath, Tipperary town, Co Tipperary, and Mr Casey (56), from Raheny, Dublin, will stand trial alongside Peter Fitzpatrick (63), from Malahide, Dublin, who had been ILP's former director of finance and John Bowe (52), from Glasnevin in Dublin, who had been Anglo's head of capital markets

They have all pleaded not guilty to conspiring together and with others to mislead investors to make the bank appear more valuable than it was.