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Bankers charged with fraud

Published on 3 Nov 2009 under category: legal

Two former bank managers have been charged with fraud crimes worth millions of pounds.

Peter Creegan and Damien Pius Mallon accused of fraud and money laundering to the value of £7 million.

These fraud crimes relate to those carried out against the First Trust Bank.

The men are to appear in court later today (November 3rd) to have their applications for bail considered.

Mr Creegan is facing 26 charges, while Mr Mallon is in court relating to 12 charges.

Among the counts Mr Creegan is answering to is creating false representative to cause loss at the First Trust Bank.

A detective constable told Armagh Magistrates' Court: "There are other individuals, witnesses and others, who the police seek to interview. It is not likely that it will last several months but certainly some weeks are required."

Earlier this week, it emerged that David Friehling, former accountant to Bernard Madoff, is set to plead guilty to fraud crimes in court today.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.