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Former bank execs begin appeal against conviction over €7.2bn conspiracy
Summary
In July 2016, former Anglo Irish Bank head John Bowe (52) and former Irish Life and Permanent chief executive Denis Casey (56) were convicted by a jury at Dublin Circuit Criminal Court of conspiring to mislead the public about Anglo Irish Bank's financial health. They had used interbank loans to inflate the bank's value by €7.2 bn between 1 March and 30 September 2008. Bowe received a two‑year sentence and Casey a two‑year‑nine‑month sentence. Both men lodged appeals, which began before the Court of Appeal on 6 March 2017. John Bowe pleaded not guilty. Denis Casey pleaded not guilty.
Who, what, where, when and why
What: Report matter: Former bank execs begin appeal against conviction over €7.2bn conspiracy. Charges or matters: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008. Procedural stage: appeal
When:
- March 1 Hearing Or Sentence
- September 30, 2008 Hearing Or Sentence
- July 29, 2016 Hearing Or Sentence
- 2017-03-06 Publication
Case subjects
Appellant
Charges: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008 (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan sentenced Bowe to two years and Casey to two years and nine months imprisonment on July 29, 2016.
Appellant
Charges: conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008 (Alleged Or Contested)
Plea: Not guilty
Outcome: Credit: Collins) Two former bank executives jailed for conspiracy to mislead the public have opened appeals against their convictions. Judge Martin Nolan sentenced Bowe to two years and Casey to two years and nine months imprisonment on July 29, 2016.
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