It has taken a while.
Posted: Wed Jun 06, 2018 5:56 pm
It seems such a long time ago now but finally today David Drumm, former CEO of Anglo Irish Bank, has been found guilty of a multi-billion euro conspiracy to defraud and false accounting.
This related to the €7 billion plus imaginary deposit placed in Anglo when the bank was about to go under. No doubt this scheming cost individuals big money who were still investing in the bank and cost the country billions because the state couldn't act sooner to end the bank.
Will be interesting to see what sentence this criminal gets. If this was China he's get the death sentence which of course I don't agree with. In Ireland he'll likely get a couple of years with half at least suspended. He should go inside for at least 10 years in my view. That means a sentence of at least 15 years will be needed.
This related to the €7 billion plus imaginary deposit placed in Anglo when the bank was about to go under. No doubt this scheming cost individuals big money who were still investing in the bank and cost the country billions because the state couldn't act sooner to end the bank.
Will be interesting to see what sentence this criminal gets. If this was China he's get the death sentence which of course I don't agree with. In Ireland he'll likely get a couple of years with half at least suspended. He should go inside for at least 10 years in my view. That means a sentence of at least 15 years will be needed.