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Legal argument in Drumm trial

Summary

David Drumm, 51, former CEO of Anglo, is on trial in Dublin Circuit Criminal Court for conspiracy to defraud. He admits that multi‑million euro transactions occurred between Anglo and Irish Life & Permanent in 2008 but denies they were fraudulent or dishonest. Drumm has pleaded not guilty to conspiring with former bank officials to defraud depositors and investors by falsely presenting 2008 deposits as €7.2 billion larger than they were, and to false accounting on 3 December 2008. The trial, now in its eleventh week, continues with a jury of ten men and four women.

Who, what, where, when and why

What: Report matter: Legal argument in Drumm trial. Charges or matters: conspiring with former bank officials Denis Casey, William McAteer, John Bowe and others to defraud depositors and investors at Anglo Irish Bank 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:

• Tuesday, April 24 Adjournment
• December 3, 2008 Hearing Or Sentence
• 2018-04-18 Publication

Case subjects

Places mentioned

Topics

Stage Trial

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Read the original CNI report