Courts / Dublin / Report
Jury continue to deliberate in longest-running trial in Irish history
Summary
The jury in the trial of former Irish Life and Permanent CEO Denis Casey, aged 56, will resume deliberations tomorrow morning after 58 hours of discussion over 13 days. Casey and three other former banking executives were charged with conspiring to defraud by a €7.2 billion scheme intended to mislead investors, depositors and lenders about Anglo Irish Bank's true financial health in 2008. The jury had previously convicted Anglo's former head of capital markets John Bowe (52) and the bank's former finance director Willie McAteer (65) of conspiring to mislead the public about the bank's balance sheet, and had found Peter Fitzpatrick (63) not guilty after nearly 47 hours of deliberation. The case centers on a circular transaction scheme that allegedly inflated Anglo's customer deposits from €44 billion to €51 billion, a 16 % increase, to present a stronger financial position.
Who, what, where, when and why
What: Report matter: Jury continue to deliberate in longest-running trial in Irish history. Charges or matters: engaging in a €7.2 billion conspiracy intended to mislead investors, depositors and lenders about the true health of Anglo Irish Bank in 2008; conspiring together and with others to defraud by setting up a €7.2 billion circular transaction scheme between March 1st and September 30th, 2008 to bolster Anglo's balance sheet with the intention of misleading investors. Procedural stage: sentence
When:
- July 25th Adjournment
- March 1st Other
- September 30th, 2008 Other
- December 3rd 2008 Other
- 2016-06-08 Publication
Case subjects
Accused
Charges: engaging in a €7.2 billion conspiracy intended to mislead investors, depositors and lenders about the true health of Anglo Irish Bank in 2008; conspiring together and with others to defraud by setting up a €7.2 billion circular transaction scheme between March 1st and September 30th, 2008 to bolster Anglo's balance sheet with the intention of misleading investors (Alleged Or Contested)
Plea: Not guilty
Outcome: They have been remanded on bail pending sentence until July 25th next.; They have been remanded on bail pending sentence until July 25th next.
Places mentioned
- Dublin
- Dublin Circuit Criminal Court
- Dublin
- Convent Lane
- Portmarnock
- Tipperary Town
- Tipperary
Topics
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