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Former Anglo CEO David Drumm released from prison
Drumm was released from Loughan House this morning.
Your contributions will help us continue to deliver the stories that are important to you
Drumm was released from Loughan House this morning.
Drumm pleaded guilty last month to authorising unlawful loans to a group of developers and businessmen in 2008.
Drumm has already pleaded guilty to ten counts of authoritising or permitting Anglo to give unlawful financial assistance.
Drumm was found guilty on charges of conspiracy to defraud the public and of false accounting earlier this month.
The former chief executive was this week jailed for six years.
Detective chief superintendent Pat Lordan said Drumm’s sentencing has come at the “end of a long road for An Garda Síochána”.
Drumm was yesterday sentenced for his part in a multi-billion euro bank fraud scheme.
David Drumm has became the fourth person to be jailed over his role in a bank fraud scheme 10 years ago.
Judge Karen O’Connor noted that the most significant form of mitigation would have been a result of a guilty plea but that was not available in this case.
The sentencing comes after one of the longest trials in the history of the State.
He will be sentenced on 20 June.
The trial has been one of the longest-running in the history of the State.
The jury will continue deliberations tomorrow in the former Anglo CEO’s trial.
Counsel for the former Anglo CEO was making closing arguments today.
Drumm faces charges of alleged conspiracy to defraud Anglo depositors by inflating the Anglo deposit total by €7.2 billion in September 2008.
“It needs to be boss man to boss man.”
Judge Karen O’Connor said the jury must come to their own conclusion based on the evidence they hear in court.
Today was the 30th day of the trial of former Anglo Irish Bank CEO David Drumm.
Drumm has pleaded not guilty to conspiring to defraud depositors and investors by “dishonestly” inflating Anglo’s deposits figure by €7.2 billion.
Judge Karen O’Connor discharged the jurors and thanked them for their attendance this morning.
Jury selection is under way.
The trial of the former Anglo CEO has been one of the longest-running in the history of the State.
Drumm is facing two charges of conspiring to defraud depositors and investors by “dishonestly” inflating Anglo’s deposits figure by 7.2 billion in 2008.
The judge at a hearing today did note, however, that it would be hard for him to leave the state without being noticed.
Drumm faces two trials here in Ireland.
The former Anglo boss is charged with 33 alleged offences.
The former Anglo boss spent last night in Cloverhill prison.
The former Anglo CEO arrived on a flight from the US early this morning.
The former head of Anglo Irish Bank faces 33 charges here relating to transactions while he was in charge.
Drumm has offered to return to Ireland under strict bail conditions.
The former Anglo boss has had his latest appeal for bail rejected.
The 49-year-old is wanted in Ireland on 33 charges relating to transactions while he was chief of the now-defunct Anglo Irish Bank.
The former Anglo Irish Bank chief has filed a legal challenge against the US government for ‘unlawful detention’.
The Plymouth County Correctional Facility has housed infamous murderers and terrorists, and now, the former CEO of Anglo.
Drumm now remains in custody while he fights extradition to Ireland
A project manager who oversaw work on Drumm’s house has written a letter of support for the ex-Anglo chief.
His mother, in her letter of support, writes “you would probably say of course I would say great things…”.
The alleged offences that Ireland wants to charge the former Anglo CEO with have been revealed for the first time.
The former Anglo Irish Bank CEO faces an extradition hearing following his arrest in Massachusetts on Saturday.