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Former Irish Life CEO withdraws appeal against sentence over €7.2 billion conspiracy
Summary
Denis Casey, former chief executive of Irish Life and Permanent, has withdrawn his appeal against the severity of his prison sentence. Casey was convicted in July 2016 of conspiring to mislead investors about Anglo Irish Bank's value, using interbank loans to inflate the bank's worth by €7.2 billion between 1 March and 30 September 2008. The Court of Appeal upheld the convictions and Casey's sentence of two years and nine months imprisonment. His barrister, Michael O'Higgins SC, formally withdrew the appeal, requesting the Court of Appeal amend a technical point in its 138‑page judgment so it could be litigated in the Supreme Court. O'Higgins clarified that the withdrawal was not an attempt to reopen or reargue the appeal, which had been heard over five days in March. Justice Seán Ryan noted the court would consider the matter and issue a decision in the next legal term.
Who, what, where, when and why
What: Report matter: Former Irish Life CEO withdraws appeal against sentence over €7.2 billion conspiracy. Procedural stage: appeal
When:
- July 2016 Hearing Or Sentence
- March 1 Hearing Or Sentence
- September 30, 2008 Hearing Or Sentence
- July 29, 2016 Hearing Or Sentence
- 2017-07-27 Publication
Why: Mr O'Higgins has asked three-judge court to amend a particular point in its 138-page judgement dismissing the men's appeal because, Mr O'Higgins said, his side wished to litigate the point in the Supreme Court. CNI source report
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