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Ex-Anglo boss David Drumm set to face two trials

By Shane Phelan

Published 09/04/2016

David Drumm
David Drumm

Former Anglo Irish Bank boss David Drumm is to face two trials in relation to his time at the helm of the failed lender - one involving the financial collapse of the Co Fermanagh Quinn group.

Mr Drumm (49), with an address in Skerries, Co Dublin, will face trial on April 24 next year on two charges of conspiracy to defraud and false accounting.

The second trial on 31 other charges, mainly relating to the so-called Maple 10 share support scheme, is set to get under way in January 2018.

Mr Drumm is accused of unlawful lending to members of the Quinn family and the Maple 10 investors to unwind a secret 28% shareholding in Anglo built up by former tycoon Sean Quinn.

The charges carry a maximum term of five years.

The second trial will also deal with allegations he was privy to the falsifying of documents and that he forged documents.

The forgery charges carry a maximum sentence of 10 years in jail.

Belfast Telegraph

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