Seamus Ross is one of the so called Maple Ten investors who was lent 45 million euro by the bank to purchase Anglo shares in July 2008.
Former Anglo executives Willie McAteer, Pat Whelan and Sean Fitzpatrick deny the loans were unlawful Builder Seamus Ross has told the jury of his very strong 15 year relationship with Anglo Irish Bank.
He said he was 'delighted' to help the bank in July 2008 when he was asked to buy a stake in Anglo with funding from the bank.
He said Anglo boss David Drumm explained the deal was backed by the Financial Regulator and that it's purpose was to unwind Cavan businessman Sean Quinn's large CFD stake in Anglo Mr Ross said he was surprised it was a private rather than a business loan and that his recollection from their very short meeting was that he'd not be personally liable for the debt.
The builder told the jury that his recall of events around this time was affected by the fact he had people knocking on his door over pyrite in houses and that the subsequent High Court action took 3 years to settle.
