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Drumm trial jury continue deliberations
Summary
The jury in the trial of former Anglo Irish Bank CEO David Drumm was sent home after a third day of deliberations, marking day 81 of proceedings in a 16‑week trial at Dublin Circuit Criminal Court. Judge Karen O'Connor had instructed jurors that a unanimous verdict was required for both counts against Drumm, but that each count could be considered separately, allowing an acquittal or conviction on either or both. Drumm, aged 51, had pleaded not guilty and was presumed innocent. The State alleged that he conspired with former Anglo executives to carry out €7.2 billion in fraudulent transactions to inflate the bank's deposit figures. Drumm's lawyers acknowledged the transactions occurred in 2008 but disputed their fraudulent nature. The jury had deliberated for just over seven hours before being sent home for the night.
Who, what, where, when and why
What: Report matter: Drumm trial jury continue deliberations. 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
- 2018-06-05 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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