Dan Taylor, a partner at BDO accountants in London and an expert witness for the State, said the transactions between Anglo and Irish Life & Permanent (IL&P) lacked any commercial substance. He has also pleaded not guilty to false accounting on December 3rd, 2008, by furnishing information to the market that Anglo’s 2008 deposits were €7.2 billion larger than they were. ‘Trial by jury’“It’s not trial by accountant, it’s trial by jury, and I want you to be aware of that,” she said. “There was no disclosure about the connection between the €7.2 billion of loans and advances to banks and the €7.2 billion of customer account balances,” he told the jury. Mr Taylor said it was his view that the inclusion of €7.2 billion in the preliminary announcement was “misleading and inaccurate”.

Source: The Irish Times May 09, 2018 17:36 UTC