Former Anglo Irish bank CEO David Drumm who was convicted this month of taking part in a multi-billion euro fraud scheme in 2008 may be sentenced this afternoon after a hearing began this morning.
Wed, 20 Jun, 2018
David Drumm was “the man who called the shots”, and authorised deals at Anglo Irish Bank in September 2008 that led to the falsification of the bank's balance sheet, making it appear that customer deposits were over €7 billion greater than they were in reality.
Wed, 06 Jun, 2018
A former Anglo Irish Bank executive said “all those guys supposed to do us special favours” had fallen away by September 2008, leaving only Irish Life and Permanent as a viable option for a back to back loan, a court has heard.
Tue, 20 Mar, 2018
A former Anglo Irish Bank executive has told a jury he was shocked at the “hostile and aggressive” reaction of the regulator to transactions with Irish Life and Permanent as he believed “the regulator was aware they had taken place”.
Mon, 12 Mar, 2018
The former company secretary at Anglo Irish Bank said she sought legal advice after being told to change the minutes of a meeting due to “differences in interpretation”, a jury has heard.
Tue, 27 Feb, 2018
The former head of treasury risk at Anglo Irish Bank has said that the €7.2bn loans to Irish Life and Permanent in September 2008 were approved “post transaction” and signed off by David Drumm and Willie McAteer.
Mon, 19 Feb, 2018
A senior Anglo Irish Bank executive told colleagues that the Financial Regulator was “more or less...not looking” at a proposed short term loan of half billion euro between Anglo and Irish Life & Permanent.
Wed, 14 Feb, 2018
A witness has told the trial of former Anglo executive David Drumm that he realised there was trouble ahead after receiving a phone call from a colleague to say that the interbank market was “drying up”.
Tue, 13 Feb, 2018