Courts / Dublin / Report
Deliberations in Drumm trial interrupted for second day
Summary
The trial of former Anglo Irish Bank chief executive David Drumm, aged 51, has been delayed for a second consecutive day because a juror was unavailable. Drumm is on trial for conspiracy to defraud and false accounting, having been in court for 17 weeks. Judge Karen O'Connor informed the jury that the case had reached a critical stage and that a unanimous verdict was required on both counts, though each count could be considered separately. She reminded jurors that Drumm had pleaded not guilty and was presumed innocent until proven otherwise. The State alleges that Drumm conspired with former Anglo executives to carry out €7.2 billion in fraudulent transactions to inflate deposit figures. Drumm's lawyers acknowledged the transactions occurred but denied they were fraudulent or dishonest. The jury had deliberated for three hours and nine minutes over two days before the interruption.
Who, what, where, when and why
What: Report matter: Deliberations in Drumm trial interrupted for second day. Charges or matters: conspiring 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
- 2018-06-01 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 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
Topics
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