€7.2bn loans were approved 'post transaction', former Anglo official tells David Drumm trial
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, .
On day 25 of David Drumm's conspiracy to defraud trial at Dublin Circuit Criminal Court, Michael Nurse outlined the procedure used by the bank’s risk committees for approving such transactions.
