Drumm facing two trials, but his bail terms are relaxed
Former Anglo Irish Bank boss David Drumm is to face two trials in relation to his time at the helm of the failed lender.
Prosecution counsel Paul O'Higgins sought the two trial dates at a hearing of Dublin Circuit Criminal Court.
Judge Terence O'Sullivan agreed to the application yesterday and also allowed for Mr Drumm's bail terms to be relaxed slightly so he has to sign on at his local Garda station only once a day.
It means Mr Drumm (49), with an address in Skerries, Co Dublin, will face trial on April 24 next year on two charges of conspiracy to defraud and false accounting. The charges are connected with an arrangement that saw €7.2bn in deposits placed in Anglo accounts by Irish Life & Permanent between March and September 2008.
The conspiracy charge carries a maximum penalty of an unlimited jail term.
A second trial on 31 other charges, mainly relating to the so-called Maple 10 share support scheme, is set to get under way in January 2018.
Mr Drumm is accused of unlawful lending to members of the Quinn family and the Maple 10 investors to unwind a secret 28pc shareholding in Anglo built up by tycoon Sean Quinn.
The charges carry a maximum term of five years.
The second trial will also deal with allegations he was privy to the falsifying of documents and that he forged documents. The forgery charges carry a maximum sentence of 10 years in jail.
Mr O'Higgins said the first trial could take 12 weeks to complete, although Mr Drumm's solicitor Michael Staines said it could take longer. Mr Staines had made an application to delay the first trial until October of next year due to the amount of disclosure involved.
But Mr O'Higgins said a lot of disclosure had already been made in previous cases and the process should be quicker than it had been in the past.
Judge O'Sullivan decided to go with the earlier trial date, saying the State should be able to bring the first case a year from now. The court was told that both cases were likely to need expanded jury panels and time would need to be set aside in advance of the trial dates to allow juries to be sworn in.
Separately, an application from Mr Staines seeking the relaxation of one of Mr Drumm's bail conditions was granted. He now has to sign on at a Garda station only once daily. He had been obliged to do so twice a day until now. The State consented to the application and said gardaí had no problem with it.
Mr Drumm was in the public gallery for the hearing, and did not have to address the court.