Kevin Murphy gives evidence in Anglo market deception trial

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

Kevin Murphy gave evidence in an alleged market deception trial at Dublin Circuit Criminal Court, reported on 22 April 2016.

The former Irish Life Assurance chief executive said he learned generally about a billion-euro Anglo Irish Bank transaction through media reports in February 2009. He also said the deal had not come before the ILP board, while the trial concerned an alleged €7.2 billion circular transaction involving Anglo and ILP.

The trial was continuing, with a legal issue due to be addressed in the jury’s absence before evidence resumed.