David Drumm to stand trial in April 2017

Anglo Irish BankFormer CEO of Anglo Irish Bank David Drumm will stand trial in April 2017 for an alleged conspiracy to defraud and false accounting. A date in 2018 has also been set aside to hear his trial for allegedly facilitating unlawful loans. This morning was David Drumm s first appearance before Dublin Circuit Criminal Court following his return to Ireland last month. He’s facing 33 charges of financial wrongdoing which are alleged to have happened during his final years as head of Anglo Irish Bank. The DPP has decided to hold two separate trials. The first, which is expected to take 12 weeks, relates to his alleged involvement in €7.2bn in back-to-back loans between Anglo and Irish Life & Permanent in 2008. It s due to begin in April 24 2017. The second has been pencilled in for January 12 2018 and will deal with his alleged involvement in the provision of financial assistance to the family of businessman Sean Quinn and ten developers known as the Maple Ten. Mr. Drumm appeared in court on bail this morning and his cases will be mentioned again in November.