Bruce Maxwell gives evidence in Anglo conspiracy trial

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Bruce Maxwell gave evidence about an alleged conspiracy to mislead investors at Dublin Circuit Criminal Court, reported on 12 April 2016. The trial concerned alleged financial transactions between Anglo Irish Bank and Irish Life and Permanent in 2008.

Maxwell, Irish Life Assurance’s chief actuary in 2008, said he understood money had moved through the companies before Irish Life Assurance placed funds with Anglo. He told the prosecution the arrangement was not normal and said Irish Life would not have had €6 billion to invest. The trial continued before Judge Martin Nolan and a jury.