Former CEO jailed for role in fraud withdraws appeal against sentence

The former CEO of Irish Life and Permanent, jailed for his role in a €7.2bn fraud about the true health of Anglo Irish Bank in 2008, has withdrawn an appeal against the severity of his prison sentence, reports Ruaidhrí Giblin.

The former CEO of Irish Life and Permanent, jailed for his role in a €7.2bn fraud about the true health of Anglo Irish Bank in 2008, has withdrawn an appeal against the severity of his prison sentence,  reports Ruaidhrí Giblin.

Last month, the Court of Appeal upheld the criminal convictions of Denis Casey and John Bowe, who were found guilty by a jury at Dublin Circuit Criminal Court in July 2016 of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable between March 1 and September 30, 2008.