Courts / Dublin / Report
Jury views Central Bank statements showing details of €7.2bn payments
Summary
During the 70th day of David Drumm's conspiracy to defraud trial, the jury heard from Pamela Lennon, a former Central Bank manager, who described a shared European network that recorded real‑time balances of banks. Lennon testified that the network captured daily balances and that the data was transferred to storage facilities in Germany, France and Italy. She showed the jury account statements for 29 and 30 September 2008, revealing 583 transactions on Anglo's account on 29 September and a €1 bn deposit from the Central Bank, an overnight facility with a fee. Lennon confirmed that Anglo was eligible for and received €1 bn from the European Central Bank on that day. Drumm admitted the transactions occurred but denied they were fraudulent or dishonest. The hearing continues in the Dublin Circuit Criminal Court before Judge Karen O'Connor and a jury of ten men and four women. David Drumm pleaded not guilty.
Who, what, where, when and why
What: Report matter: Jury views Central Bank statements showing details of €7.2bn payments. 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 Other
- September 29 Other
- September 29, 2008 Hearing Or Sentence
- 2018-05-08 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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