David Drumm, the former CEO of Anglo Irish Bank, has been sentenced to six years in jail for his role in a €7.2bn conspiracy to defraud.
The 51-year-old was found guilty last month following an 87-day trial. He was also convicted of false accounting.
He authorised multi-million euro transactions with Irish Life & Permanent that resulted in Anglo's books looking healthier than they were in 2008.
BREAKING Former Anglo Irish Bank CEO David Drumm has been handed a six year prison sentence for his role in a €7.2bn conspiracy to defraud and false accounting. He will be given credit for time he spent in custody in a US prison fighting his extradition back to Ireland
— Frank Greaney (@FrankGreaney) June 20, 2018
Mr. Drumm spent five months in a US prison fighting his extradition to Ireland before he eventually agreed to come back and face the charges.
At his sentence hearing today, DS Michael McKenna described him as the “driving force” behind the €7.2bn conspiracy. His barrister today asked Judge Karen O’Connor for leniency.
He said his client acknowledged it was a “huge error of judgement” and asked her to consider the totality of hardship that’ll be visited upon him including the notoriety he’ll now carry for the rest of his days.
