Former IL&P boss guilty of €7bn fraud conspiracy

The former group chief executive of Irish Life and Permanent Group has been convicted of a €7.2bn conspiracy to defraud.

Denis Casey, 56, and three other former banking executives had pleaded not guilty to conspiring to mislead investors, depositors and lenders about the true health of Anglo Irish Bank in 2008.

On the afternoon of day 89 of the trial, the jury at Dublin Circuit Criminal Court returned a verdict of guilty for Casey. It came following over 61 hours deliberating over 14 days and brings to an end the longest running criminal trial in the State’s history.