Drumm ‘authorised’ €7bn deal

Former Anglo treasurer testifies at trial of bosses Trial hears Drumm authorised dishonest payments
Drumm ‘authorised’ €7bn deal
Thu, 21 Jan, 2016 - 00:00
Declan Brennan

The trial of four senior bankers accused of conspiring to mislead investors has heard that former Anglo Irish Bank CEO David Drumm authorised €7.2 billion in allegedly dishonest transactions.

The four executives — including former Irish Life and Permanent (ILP) chief executive Denis Casey and Anglo’s former group finance director Willie McAteer — are accused of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008.

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Place: Greenrath, TipperaryPlace: Co TipperaryPlace: Raheny, DublinPlace: Malahide, DublinPlace: GlasnevinPlace: DublinPerson: DrummPerson: CEOPerson: David DrummPerson: Denis CaseyPerson: Willie McAteerPerson: Paul O’HigginsPerson: McAteerPerson: CaseyPerson: Peter FitzpatrickPerson: John BowePerson: Matt CullenPerson: Una NiPerson: CullenPerson: Matt MoranPerson: David GantlyPerson: Dave GantlyEvent: St Patrick’s Day massacreOrganisation: AngloOrganisation: Anglo Irish BankOrganisation: Irish Life and PermanentOrganisation: ILPOrganisation: Circuit Criminal CourtOrganisation: Bear SternsOrganisation: Bank of EnglandOrganisation: ILP GroupOrganisation: Irish Life Assurance CorporateOrganisation: ECBOrganisation: Irish Life
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