€7.2bn transactions were for 'optical benefit only', David Drumm trial told

The €7.2bn transactions between Anglo Irish Bank and Irish Life and Permanent in September 2008 were for “optical benefit only” and created no new cash, a jury has been told.

€7.2bn transactions were for 'optical benefit only', David Drumm trial told
Mon, 05 Mar, 2018 - 18:52

By Sarah-Jane Murphy

The €7.2bn transactions between Anglo Irish Bank and Irish Life and Permanent in September 2008 were for “optical benefit only” and created no new cash, a jury has been told.

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