Tuesday 24 April 2018

Former Anglo boss David Drumm arrives in court to begin trial

Former Anglo Irish Bank chief executive David Drumm pictured as he arrives at the Criminal Courts of Justice. Picture: Gerry Mooney
Former Anglo Irish Bank chief executive David Drumm pictured as he arrives at the Criminal Courts of Justice. Picture: Gerry Mooney
Former Anglo Irish Bank chief executive David Drumm pictured as he arrives at the Criminal Courts of Justice. Picture: Gerry Mooney
Shane Phelan

Shane Phelan

The selection of a jury has begun in the trial of former Anglo Irish Bank chief executive David Drumm for allegedly conspiring to defraud depositors and investors.

An extended jury panel of 15 is being selected at Dublin Circuit Criminal Court.

Prospective jurors have been told by Judge Karen O’Connor they will need to be available for up to five months.

Mr Drumm (51), with an address in Skerries, Co Dublin, this morning pleaded “not guilty” to two charges relating so-called €7.2bn “back to back” transactions involving Anglo Irish Bank and Irish Life and Permanent (IL&P) in 2008.

It is alleged Mr Drumm conspired with former Anglo executives John Bowe and Willie McAteer and former IL&P chief executive Denis Casey to defraud depositors and investors at Anglo by dishonestly creating the impression that deposits in 2008 were €7.2bn larger than they were.

Irish Independent

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