David Drumm authorised deals which lead to falsification of bank’s balance sheet, jury told

David Drumm, the former chief executive of Anglo Irish Bank, authorised deals which lead to the falsification of the bank’s balance sheet, a jury has been told at the opening of his conspiracy to defraud trial.

On the first day of the trial prosecutors described Mr Drumm (51) as “the man who called the shots” at Anglo Irish Bank and said the deals he authorised also made it appear deposits from customers were €7.2bn greater than they were in reality.