Former bank boss guilty of multi-billion euro fraud

Former bank boss guilty of multi-billion euro fraud
 

Former Anglo Irish Bank chief executive David Drumm has been found guilty of fraud.
The jury spent more than 10 hours deliberating before coming to a unanimous verdict at Dublin Circuit Criminal Court on day 86 of the trial.
Drumm pleaded not guilty to conspiring to dishonestly make Anglo's balance sheet look better by €7.2 bn (£5.4bn) between March and September 2008.
He also denied knowingly giving false figures to the market that December.
The prosecution said the 51-year-old did this deliberately and dishonestly to induce people to invest in, or leave their money in, Anglo even when he... read more

 
6 June 2018 in Business, Views: 52
Source: BBC
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