The national newspapers this week all reported on Anne Heraty's company, CPL resources, excellent profits - €14m for last year.
For those who don't know, Anne Heraty, who will be benefitting from CPL's success, was a Non-exec director of Anglo at the height of it's folly.
Not only that, but at the same time she was also a director of the Irish Stock Exchange when they gave clearance for Anglo to process the Maple 10 deal! (According to The Fitzpatrick Tapes)
She is currently being sued by the Quinn family for her role in Anglo over this period (she resigned from both boards in early 2009, straight after the economic crash despite the ironic picture below).
Much like other Anglo directors, (but unlike Anglo investors) it has been interesting to see how well Anne has done financially, despite the disastrous performance of the bank she helped preside over.
The courts will decide if she, like the others, should take their share of blame when the Quinn's case goes in front of a judge. Should the Quinn family action succeed, some of the proceeds of CPL's 14Million profit will very likely make its way into Quinn hands.
Or will the courts decide that Heraty acted correctly & lawfully and leave her to enjoy her company's huge profits with no negative repercussions for her role as Anglo director during the Quinn saga as the bank was collapsing.
We await with interest.
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