The Court of Appeal has quashed the convictions of two former executives of Anglo Irish Bank.
Tiarnan O'Mahoney, who used to be second in command at Anglo, was serving a three year sentence after being found guilty of conspiring to defraud Revenue.
His co-accused Bernard Daly, who was company secretary at the former bank, was jailed for two years after being convicted of the same crime.
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Both claimed they were denied a fair trial and will walk free from court later today, after their appeals were successful.