Friday 21 September 2018

Drumm trial jury sent home as they begin deliberations

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Stock image

Andrew Phelan

The jury in the fraud conspiracy trial of former Anglo Irish Bank CEO David Drumm has been sent home for the night after an hour-and-a-quarter of deliberations.

An enlarged jury had sat throughout the 81-day trial due to its length, with two "spares" in case of drop-outs. However, only 12 can consider a verdict and they were selected randomly by ballot, with two excluded.

Mr Drumm (51) is pleading not guilty to conspiring to defraud by dishonestly creating the impression that Anglo's customer deposits were €7.2bn larger than they really were in September 2008. He also denies false accounting.

The jury asked to hear the recording of a phone call between Mr Drumm and John Bowe on September 19, 2008.

In the call, replayed in court, Mr Drumm referred to "f**king Freddie f**king Fly down there, the Financial Regulator" and spoke about looking for money from the Central Bank.

"We need the f**king loan because we are running out of money," he said. "If they don't give it to us on Monday they have a bank collapse."

Irish Independent

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