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Jury continue deliberating in Drumm trial
Summary
The jury in the Anglo Irish Bank CEO David Drumm trial was sent home for a second night after deliberating for just under two hours today, bringing their total deliberation time to three hours and nine minutes. The case, which has been one of the longest in the State, involves two separate counts of conspiracy to defraud and false accounting. Judge Karen O'Connor required a unanimous verdict on each count, reminding jurors that Drumm, aged 51, had pleaded not guilty and was presumed innocent. The State alleges that Drumm conspired with former Anglo officials to carry out €7.2 billion in fraudulent transactions to inflate deposit figures. Drumm's lawyers admit the transactions occurred but dispute their fraudulent nature. The jury was told they could not listen to recorded phone evidence in the jury room but could return to court to do so. The trial is ongoing.
Who, what, where, when and why
What: Report matter: Jury continue deliberating 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 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
- 2018-05-30 Publication
Why: 2 billion in fraudulent transactions in order to bolster the customer deposits figure on the bank's balance sheet. CNI source report
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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