Z
z106
Guest
Excuse my ignorance here but can someone please explain what the issue was with fitzpatrick taking loans from anglo ?
He took out money - apparently underwritten in line with normal lending practices at anglo.
This was not illegal it seems.
He then felt a need to hide these loans?
WHy did he hide the loans ?
Had ne not hidden the loans then would it all have been ok ?
(Presumably not - but why not?)
How come he is not viewed as just another customer who also happens to be a director?
I don't understand.
Can someone please explain what the big deal is.
He took out money - apparently underwritten in line with normal lending practices at anglo.
This was not illegal it seems.
He then felt a need to hide these loans?
WHy did he hide the loans ?
Had ne not hidden the loans then would it all have been ok ?
(Presumably not - but why not?)
How come he is not viewed as just another customer who also happens to be a director?
I don't understand.
Can someone please explain what the big deal is.