Drumm isolated as repetitive prosecution narrative emerged
Former Anglo chief took copious notes as 49 prosecution witnesses gave evidence
Former Anglo chief took copious notes as 49 prosecution witnesses gave evidence
Issues of admissibility, hearsay and much else fought out closely in 16-week trial
Drumm remanded on bail until June 20th for sentencing after ‘humanitarian’ plea
Judge says 2008 crash ‘unprecedented’ but not an excuse for charges ex-Anglo chief faces
Former Anglo chief says transactions between Anglo and ILP were not fraudulent
Witness at trial of David Drumm says he told his boss things were getting dangerous
Troubled bank disclosed funding figures, conspiracy to defraud trial hears
John Bowe did not believe any wrongdoing had occurred, jury told
Counsel said it was no defence to say they had been told to do what they did by more senior people in the bank
State has now concluded its evidence against four accused former bankers
Accused asked about transaction in 2008 in which Anglo placed €1bn with ILP and €750m was placed overnight in Anglo by ILP
Anglo trial told of perceived need to ‘circle the wagons’ to protect banks
Court also told Sean FitzPatrick asked about ‘funnies’ in end-year figures
Expert says allegedly deceptive scheme had no commercial or economic substance
Accused former bankers allegedly conspired to mislead investors with €7.2bn circular transaction
Witness says allegedly back-to-back transactions described as ‘balance sheet management’
Interbank loans allegedly used to flatter Anglo balance sheet
Courts also hears of approach to AIB on cash transfers which bank agreed ‘with a key condition that the Financial Regulator be informed’
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