Two bosses from the bank that almost bankrupted
The community service orders imposed by Judge Martin Nolam was in lieu of a two-year prison sentence.
The pair were found guilty earlier this year in the same court of illegally lending to the so-called Maple 10 – a group of investors
There was widespread outrage in the
While they were found guilty of the Maple 10 illegal loan scheme, their co-accused and ex-
Quinn's dealings with the
Fitzpatrick meanwhile launched a legal challenge in the
Nearly €30bn (£25bn) of taxpayers' money had to be pumped into the bank in 2008 to rescue it and the entire Irish banking sector from total collapse. The bank has since been nationalised and renamed the
The multibillion-euro rescue of the debt-ridden bank came back into public focus last year when tape recordings emerged of Anglo Irish executives discussing the bailout they had sought from the Irish government.
One of the tapes – first revealed by the Irish Independent – contains audio recording of one
The two men are heard discussing how the government and the taxpayer agreed to pump billions into the bank. Bowe is asked by Fitzgerald how they can came up with an original figure of €7bn to rescue the bank from complete collapse.
On the tape Bowe is heard replying: "Just as Drummer (the then Anglo Irish CEO David Drumm) would say, 'picked it out of my arse'."
As Whelan and McAteer left the court on Thursday, Nolan told them: "Enjoy your community service."
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