Courts / Dublin / Report
Anglo company secretary amended meeting minutes after requests from executives
Summary
The former company secretary of Anglo Irish Bank admitted to amending audit committee minutes to include a reference to a transaction with Irish Life and Permanent after being asked by bank executives. She said that Donal O'Connor, the bank's chairman, had told her that he and two other executives had discussed the matter and that the minutes should reflect their recollection of a discussion about ILP. She also noted that the minutes should state that the ILP customer account had been discussed and that balance‑sheet management was normal. The amendment was made after O'Connor sent an email on 17 February 2009, recalling the November 2008 meeting. The jury heard that the secretary had checked her own notes and was satisfied that the transaction had been discussed before including it in the final minutes. The trial of former Anglo CEO David Drumm, who has pleaded not guilty to conspiracy and false accounting, continues before Judge Karen O'Connor.
Who, what, where, when and why
What: Report matter: Anglo company secretary amended meeting minutes after requests from executives. Charges or matters: conspiring with former bank officials Denis Casey, William McAteer, John Bowe and others to defraud depositors and investors at Anglo by "dishonestly" creating the impression that deposits in 2008 were €7.2 billion larger than they were; false accounting on December 3, 2008, by furnishing information to the market that Anglo's 2008 deposits were €7.2 billion larger than they were. Procedural stage: trial
When:
- December 3, 2008 Hearing Or Sentence
- February 17, 2009 Hearing Or Sentence
- November 18, 2008 Hearing Or Sentence
- January 1, 2008 Hearing Or Sentence
- 2018-02-20 Publication
Why: Credit: Collins) The former company secretary at Anglo Irish Bank said she amended minutes of an audit committee meeting to include a reference to the transaction with Irish Life and Permanent because bank executives asked her to. CNI source report
Case subjects
Defendant
Charges: conspiring with former bank officials Denis Casey, William McAteer, John Bowe and others to defraud depositors and investors at Anglo by "dishonestly" creating the impression that deposits in 2008 were €7.2 billion larger than they were; false accounting on December 3, 2008, by furnishing information to the market that Anglo's 2008 deposits were €7.2 billion larger than they were (Alleged Or Contested)
Plea: Not guilty
Places mentioned
Topics
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