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David Drumm pleads not guilty to conspiring to defraud depositors and investors at Anglo

A jury has been sworn in for the trial of the former chief executive of Anglo Irish Bank, David D...
Newstalk
Newstalk

13.16 10 Jan 2018


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David Drumm pleads not guilty...

David Drumm pleads not guilty to conspiring to defraud depositors and investors at Anglo

Newstalk
Newstalk

13.16 10 Jan 2018


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A jury has been sworn in for the trial of the former chief executive of Anglo Irish Bank, David Drumm.

The 51-year-old who lives in Skerries in Dublin denies conspiring to defraud depositors and investors at Anglo Irish Bank.

Mr Drumm replied not guilty when the two charges were put to him this morning.

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He is accused of conspiring to defraud depositors and investors at Anglo Irish Bank by dishonestly creating the impression that deposits in 2008 were €7.2bn larger than they were.

The former chief executive of Anglo is also charged with false accounting.

Judge Karen O'Connor told the potential jurors they should not serve if they have strong views on Anglo and felt they could not deal with the matter fairly.

Anyone who expressed themselves in public, including online, regarding Anglo, the banking crisis or bankers was also advised not to serve.

Judge O’Connor also told the prospective jurors that they should not serve if they have ever been employed by Anglo Irish bank or Irish Life.

She said she could not stress enough that the jurors should not research the case online – she said this was extremely dangerous and it could collapse the trial, causing enormous expense and admin difficulties.

An enlarged jury of 15 people has now been sworn in - which is made up of eight men and seven women.

The jurors were told to be available for five months. They have been sent home until Thursday morning.


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