Courts / Dublin / Report
Central Bank granted access to transcripts and exhibits from Drumm trial
Summary
The Central Bank was granted access to the transcripts and exhibits from the trial of former Anglo Irish Bank CEO David Drumm. The application was made before Judge Karen O'Connor at Dublin Circuit Criminal Court after written submissions and relevant case law were submitted last Tuesday. The application was not contested by the Director of Public Prosecutions or Drumm. Drumm, aged 51, was jailed for six years last month for his role in a multi‑billion‑euro bank fraud scheme in 2008. The jury returned unanimous guilty verdicts on conspiracy to defraud and false accounting after just over ten and a half hours of deliberations. The State alleged that Drumm conspired with former Irish Life & Permanent CEO Denis Casey, Anglo's former financial director Willie McAteer and former Head of Treasury John Bowe, among others, to carry out €7.2 bn in fraudulent circular transactions to inflate Anglo's customer deposits figure.
Who, what, where, when and why
What: Report matter: Central Bank granted access to transcripts and exhibits from Drumm trial. Procedural stage: sentence
When:
- December 3rd 2008 Other
- June 2016 Hearing Or Sentence
- 2018-07-26 Publication
Why: 2bn in fraudulent circular transactions in order to bolster the customer deposits figure on Anglo's balance sheet. CNI source report
Case subjects
Convicted Person
Outcome: Drumm was jailed for six years last month for his role in a multi-billion euro bank fraud scheme in 2008.
Places mentioned
- Dublin
- Dublin Circuit Criminal Court
Topics
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