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