The court yesterday heard further details of statements made to Gardai by Denis Casey (56) who was the group chief executive of ILP from May 2007 until February 2009,Four former executives from Anglo Irish Bank and Irish Life Permanent (ILP) are on trial for allegedly conspiring to mislead investors by setting up a 7.2 billion circular transaction scheme to bolster Anglo’s balance sheet.Mr Casey told garda Anglo misrepresented the deposit from his bank to achieve their stated aim of bolstering its deposits figure.Mr Casey from Raheny, Dublin, Peter Fitzpatrick (63) of Convent Lane, Portmarnock, Dublin, John Bowe (52) from Glasnevin, Dublin, and Willie McAteer (65) of Greenrath, Tipperary town, Co Tipperary, have all pleaded not guilty at Dublin Circuit Criminal Court to conspiring together and with others to mislead investors through financial transactions between March 1st and September 30th, 2008.At the beginning of week 14 in the trial Det Sgt Catharina Gunne from the Garda Bureau of Fraud Investigation gave evidence of voluntary interview statements provided by Mr Casey in October, 2013. The court had heard last week of an earlier statement from Mr Casey made in 2010, but further details emeged on Tuesday fromthe later statements.He said he was motivated to do this because of his understanding of a request from Pat Neary, the then chief executive of the Financial Regulator, and Central Bank governor John Hurley for Irish banks to support each other, a so called « green jersey » agenda. »The September transactions would never have arisen or never have been contemplated by ILP but for our understanding of our obligations under the green jersey agenda mandated by the Central Bank and Financial Regulator, » he told garda.He agreed that Anglo was seeking support to bolster its deposits by billions of euros. He said he believed the financial exposure to ILP from the deposit with Anglo was nil. »As the transaction was collateralised no financial exposure arose for the Group (ILP), » he said.

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