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Judge "very hopeful" that Drumm trial will conclude in June
Summary
The Dublin Circuit Criminal Court trial of former Anglo Irish Bank CEO David Drumm, who faces conspiracy to defraud charges, has been ongoing since January. Judge Karen O'Connor informed the jury that she is very hopeful the proceedings will conclude at the beginning of June. The jury began hearing evidence on February 9 after initial legal arguments. Drumm's barrister, Tessa White, acknowledged that multi‑million euro transactions occurred between Anglo and Irish Life & Permanent in 2008 but denied they were fraudulent. On day 51, former Anglo treasury director Peter Geisel testified that Credit Suisse had rejected a "back‑to‑back deal" proposal in the summer of 2008. The trial, now in its tenth week, continues before Judge O'Connor and the jury. Drumm, aged 51, has pleaded not guilty to conspiracy to defraud and false accounting for the 2008 deposit figures. The case remains in the trial stage.
Who, what, where, when and why
What: Report matter: Judge "very hopeful" that Drumm trial will conclude in June. 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:
- February 9 Hearing Or Sentence
- September 23, 2008 Hearing Or Sentence
- December 3, 2008 Hearing Or Sentence
- 2018-04-10 Publication
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
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