Former Anglo Irish Bank CEO given 6-year prison sentence for fraud
21 Jun 2018

The former chief executive of the failed Anglo Irish Bank, David Drumm, was sentenced on Wednesday to six years in prison for false accounting and for conspiring to defraud depositors and investors during Ireland’s banking crisis a decade ago.

Drumm, 51, had pleaded not guilty to charges of dishonestly creating the impression that deposits at the lender were 7.2 billion euros larger than they actually were in 2008 when the country’s banks began to get into trouble.

– By Conor Humphries, Reuters, 20 June 2018

Link to Reuters.

Read more:

Barclays CEO fined £640,000 over misconduct

Confessions of a compliance officer: A mighty banker crashes to earth

EU agrees on jail terms, sanctions for money laundering

Advance your CPD minutes for reading this article, by signing up and using the CPD Wallet

No Responses to “Former Anglo Irish Bank CEO given 6-year prison sentence for fraud”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.