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Prosecution case closes in Drumm trial after 74 days of evidence
Summary
The State's case against former Anglo Irish Bank chief executive David Drumm at Dublin Circuit Criminal Court closed after 74 days of evidence. Prosecutor Paul O'Higgins SC informed the jury that the DPP's evidence was complete and the prosecution case had closed. Judge Karen O'Connor sent the jury home for the day, noting that Mr Drumm's lawyers would make an application to the court which she would consider in their absence. Drumm, 51, of Skerries, Co Dublin, pleaded not guilty to conspiring with former bank officials to defraud depositors and investors by dishonestly creating the impression that Anglo's 2008 deposits were €7.2 billion larger than they were. He also pleaded not guilty to false accounting on 3 December 2008. Drumm accepts that the multi‑million euro transactions took place between Anglo and ILP in 2008 but disputes that they were fraudulent or dishonest.
Who, what, where, when and why
What: Report matter: Prosecution case closes in Drumm trial after 74 days of evidence. 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
- 2018-05-15 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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