Denis Casey withdraws appeal over €7.2bn fraud sentence

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Denis Casey withdrew his appeal against the severity of his prison sentence at the Court of Appeal on 27 July 2017. His barrister, Michael O'Higgins SC, formally withdrew the appeal.

Casey and John Bowe were found guilty by a jury at Dublin Circuit Criminal Court in July 2016 of conspiring to mislead investors. The conspiracy involved using interbank loans to make Anglo Irish Bank appear €7.2 billion more valuable between 1 March and 30 September 2008. Both men had denied the charge throughout their trial.

On 29 July 2016, Judge Martin Nolan sentenced Casey, the former chief executive of Irish Life & Permanent, to two years and nine months in prison. Bowe, the former head of capital markets at Anglo Irish Bank, received two years. The Court of Appeal upheld both convictions in June 2017.

O'Higgins asked the three-judge court to amend a point in its judgment dismissing the men's conviction appeal. He said his side wished to litigate the technical point in the Supreme Court and was concerned that court might otherwise lack jurisdiction to consider it. He said he was not seeking to reopen or reargue the appeal.

On 27 July 2017, Court of Appeal president Mr Justice Seán Ryan said the court was considering the request. He said it would consider the matter as presented and deliver its decision in the next legal term.