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Thread: Offshore division of Anglo provided €51m loan to unnamed individual

  1. 27th September 2009, 10:11 PM #1
    conservative green
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    Offshore division of Anglo provided €51m loan to unnamed individual

    Meanwhile, it has emerged that Anglo Irish's Isle of Man operation provided a loan to an unnamed individual worth €51.4m which represented more than 10% of its enlarged capital base, forcing the company to provide a note about the transaction in its annual accounts.


    The bank, which is a key deposit-taking operation for Anglo, the nationalised lender, has just five directors and 45 staff.
    Anglo among 16 banks to disclose offshore details in tax probe
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  3. 27th September 2009, 10:11 PM #2
    He3
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    It wasn't me. Was it you?
    'Personally, I find the notion of changing our constitution in exchange for a loan absolutely disgusting'. - Tin Foil Hat
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  4. 27th September 2009, 10:13 PM #3
    conservative green
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    It wasn't, actually. Maybe Bobert? He's one of them rich offshore fellas.
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  5. 27th September 2009, 10:15 PM #4
    DCon
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    I will bet anything you want that the beneficiary of the loan is a known friend of FF, if not a FF politician.
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  6. 27th September 2009, 10:23 PM #5
    The Caped Cod
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    I heard a fumour it might be a guy called Patrick Fitzsean, though the investigators bellieve it may be a cunning pseudonyme. In any case they are assured that he has every intention of paying it back.
    "Authority that cannot be questioned is tyranny and I will not accept tyranny, any tyranny, even that of heaven."
    - Terry Pratchett
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  7. 27th September 2009, 10:26 PM #6
    DCon
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    Quote Originally Posted by The Caped Cod View Post
    I heard a fumour it might be a guy called Patrick Fitzsean, though the investigators bellieve it may be a cunning pseudonyme. In any case they are assured that he has every intention of paying it back.
    Not Mr. Bert E O'Hern??
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  8. 27th September 2009, 10:31 PM #7
    conservative green
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    Such cynicism! I assume it was just a loan to a local IOM based property developer, to invest in the local IOM economy. I'm sure there was nothing more to it than that. IOM is a lot bigger than you'd think, I understand the capital city Douglas is a thriving metropolis, and there are a lot of projects over there in need of financing from entrepreneurial, forward looking banks.
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  9. 27th September 2009, 10:34 PM #8
    Eamonn76
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    The logical explanation for this and other scandals is mass corruption and total cover-up.
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  10. 27th September 2009, 10:38 PM #9
    conservative green
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    All they are doing is sharing the wealth. It is only right and fair that our Celtic Tiger wealth should be shared with the less fortunate denizens of the Isle of Man.
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  11. 27th September 2009, 10:52 PM #10
    The Caped Cod
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    Quote Originally Posted by DCon View Post
    Not Mr. Bert E O'Hern??
    There was no bank account found corresponding with that name.
    "Authority that cannot be questioned is tyranny and I will not accept tyranny, any tyranny, even that of heaven."
    - Terry Pratchett
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