No verdict yet in trial of former Irish Life CEO accused of conspiracy to defraud

Jurors have now been deliberating for just over 53 hours

denis casey

Denis Casey | Photo:

Day 87 of a conspiracy to defraud trial has ended without the jury reaching a verdict in relation to a former Irish Life & Permanent CEO.

Denis Casey is accused of engaging in a dishonest scheme to mislead the public and investors about Anglo Irish Bank’s health in 2008.

The prosecution claims €7.2 billion was passed between the banks between March and September 2008, with the aim of creating a false and misleading impression that Anglo had more in deposits than it really had.

Last week, former Anglo bankers Willie McAteer and John Bowe were convicted of the same charge, while Peter Fitzpatrick, formerly of IL&P, was acquitted.

Earlier today, the jurors asked for the transcripts of two recorded phone calls that were played during the trial.

They have now been deliberating for just over 53 hours and will resume again tomorrow.