Donegal born Anglo director released after arrest

The former Anglo Irish Bank finance director, Donegal born Willie McAteer, who was arrested on Tuesday at his Dublin home and taken in for questioning as part of an ongoing investigation into alleged financial irregularities at the bank has been released without charge.

The former Anglo Irish Bank finance director, Donegal born Willie McAteer, who was arrested on Tuesday at his Dublin home and taken in for questioning as part of an ongoing investigation into alleged financial irregularities at the bank has been released without charge.

Mr. McAteer, a native of Rathmullan, was questioned at Irishtown Garda Station by detectives from the Garda Bureau of Fraud Investigation. Arrested at 8.a.m. at his Rathgar residence, he was being held under Section 4 of the Criminal Justice Act 1984 on suspicion of false accounting.

It was the second time the Donegalman had been questioned - in March last year he was arrested but was also released without charge.

The latest arrest comes after further information came to light. Mr. McAteer, who is aged 60, was employed by Anglo Irish Bank as finance director and chief risk officer before he tendered his resignation in January 2009.

Mr. McAteer received a loan of 8.25 million euro from the bank in September 2008 to, it was reported, avoid the sale of his Anglo shares on the market to cover repayment of another loan to the Bank of Ireland.

At the peak of Anglo Irish Bank’s success in 2007, he held more than three million shares in the bank which were estimated to be worth around 60 million euro at the time.

A file is being prepared for the Director of Public Prosecutions.