In short, FitzPatrick chose to sell an Austrian bank with a €600 million deposit book in September 2008, even though the bank was under enormous pressure on the funding front. Remember, it was in the six months leading up to September 2008 that Irish Life & Permanent controversially assisted Anglo in creating the impression that Anglo’s balance sheet was stronger than it actually was.
Indeed, it seems that FitzPatrick was so anxious to flog the Austrian business that he was even prepared to lend Valartis some of the money to buy the business from himhttp://www.sbpost.ie/post/pages/p/wholestory.aspx-qqqt=THE+INSIDER-qqqs=themarket-qqqsectionid=3-qqqc=220.127.116.11-qqqn=1-qqqx=1.asp
Seannie selling customer deposits when the anglo group later that month would do a dodgy transaction with ILP to turn interbank loans into customer deposits (still no arrests!).
There is a possibility that people, who owe Anglo money, have stashed money in this Vienna operation. And whereas these borrowers may pass losses to the taxpayer, they could have their secret funds safely tucked away.
You won't get this information from Valartis, though it may be possible to run a query on Anglo's transaction database to identify transfers to the vienna bank.