This photo of Dec. 10, 2011 shows former chairman of Anglo-Irish Bank Sean FitzPatrick in Dublin Ireland who has been arrested by fraud squad officers investigating financial irregularities. Irish police say fraud detectives have arrested the former chief executive of Anglo Irish Bank and charged him over a conspiracy to hide losses at the bank before its 2009 nationalization. Sean FitzPatrick was arrested Tuesday July 24, 2012 at Dublin Airport as he returned from a family holiday. (AP Photo/Niall Carson/PA Wire) UNITED KINGDOM OUT NO SALES NO ARCHIVE
July 24, 2012 - 4:40 AM
DUBLIN - Irish police say detectives have arrested the former chief executive of Anglo Irish Bank and charged him over a conspiracy to hide losses at the bank before its 2009 nationalization.
Sean FitzPatrick was arrested today at Dublin Airport as he returned from holiday.
Two other senior former Anglo executives were arrested in Dublin and charged with 16 fraud-related counts Monday.
The 64-year-old FitzPatrick presided over Ireland's runaway property boom, which was swiftly followed by the banking collapse at the heart of the country's 2010 international bailout.
Anglo's losses on bad loans to property speculators are nearing 30 billion euros (US$36 billion), or more than 6,500 euros ($8,000) for every person in Ireland.
Ireland's Justice Department says the three-year probe into fraudulent practices at Anglo is the biggest in the country's criminal history.
News from © The Associated Press, 2012