herald

Saturday 3 December 2016

Former Anglo boss Drumm has bail relaxed for one day

David Drumm applied to have his bail conditions relaxed
David Drumm applied to have his bail conditions relaxed

Former Anglo Irish Bank chief executive David Drumm has been granted a one-day relaxation in his bail conditions tomorrow.

Mr Drumm appeared before Dublin Circuit Criminal Court yesterday when prosecution barrister Sinead McGrath said an extended jury panel will be required for his trial in April.

The trial is expected to last three months.

Offences

Mr Drumm (49), with an address in Skerries, Co Dublin, has been charged with 33 counts under two separate bills concerning alleged offences committed at the now-defunct bank. He has yet to enter a plea.

He is facing two trials: the first has been set down for April 24 next year and the second for January 2018.

The court heard that the prosecution was willing to allow Mr Drumm's bail conditions to be relaxed for one day tomorrow when he will not be required to sign on at a garda station.

Mr Drumm is currently required to sign on daily at Balbriggan Garda Station.

He lost a bid last September to have this reduced to a weekly basis after the prosecution alleged he posed a serious flight risk.

However, Ms McGrath said the prosecution was willing to make an exception on a "one-off basis in exceptional circumstances" tomorrow.

A reason was not given in court for the relaxation, which Judge Melanie Greally granted.

In relation to the April trial, Mr Drumm is facing two charges of conspiring to defraud depositors and investors at Anglo Irish Bank by "dishonestly" creating the impression that deposits in 2008 were €7.2bn more than they were.

He faces one additional charge in relation to the EU transparency directive.

Falsify

Mr Drumm also faces 16 counts of offering unlawful financial assistance to the family of businessman Sean Quinn and 10 other individuals, and 14 charges of falsifying documents.

These charges will be dealt with at the trial set down for January 2018. The trial is expected to last two months.

Judge Greally adjourned the matter to December 14, when a pre-trial hearing date is expected to be set.

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