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Anglo auditors gave "clean opinion" on accounts, witness tells Drumm trial
Summary
In the Dublin Circuit Criminal Court, Mr David Drumm, 51, pleaded not guilty to conspiracy and false accounting charges related to Anglo Irish Bank's 2008 deposits. He claimed that external auditors Ernst & Young issued a clean opinion on the bank's year‑end accounts, though he suggested a qualified opinion could have been issued. Drumm admitted that multi‑million euro transactions occurred between Anglo and Irish Life & Permanent (ILP) in 2008 but denied they were fraudulent or dishonest. Witness Kevin Kelly, an accountant, testified that Ernst & Young auditors entered Anglo's headquarters in November 2008 and that the audit team had been briefed beforehand. Kelly also noted that the transaction with ILP was described as "technically sound" and that he was only informed of its details in 2009. The trial, now on day 43, is proceeding before Judge Karen O'Connor and a jury of ten men and four women.
Who, what, where, when and why
What: Report matter: Anglo auditors gave "clean opinion" on accounts, witness tells Drumm trial. Procedural stage: trial
When:
- December 2008 Other
- December 3, 2008 Other
- November 2008 Hearing Or Sentence
- 2018-03-23 Publication
Places mentioned
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