8.9 C
Ireland
Sunday, May 16, 2021

Former CEO of Anglo Irish Bank ‘David Drumm’ released from prison

Former Chief Executive Officer of Anglo Irish Bank ‘David Drumm’ has been released from prison after serving two years and eight months in Loughan House in Co Cavan.

In June 2018, Drumm was sentenced to six years in prison for his role in a €7.2 billion banking fraud. He served the first few months of his six-year sentence in Mountjoy Prison before he was transferred to Loughran House.

The 55-year-old also served a further five months at a prison in the United States before being extradited to Ireland. An 87-day trial concluded that he was guilty of false accounting and conspiracy to defraud.

This conviction resulted in his expulsion from the Chartered Accountants Ireland and he was also fined €15,000.

He was released from prison on a Community Release Scheme in return for doing community service and will be supervised by the Probation Service.

POPULAR

Five countries removed from Ireland’s mandatory hotel quarantine list

Five countries have been removed from Ireland’s mandatory hotel quarantine list which means that individuals arriving from these countries will not have...

Man arrested for hitting garda officer following large party broken up in Dublin

Gardaí were forced to break up a large party at the Oliver Bond flat complex in Dublin city last night.

Penneys shopping by appointment had 275,000 bookings this week in Ireland

Portugal to allow tourists from most European countries from Monday Penneys made their first foray into shopping by appointment...

Police in India patrol Ganges river to prevent body dumping

Police in India have been stationed at the banks of the Ganges river to prevent bodies from being dumped
Ireland
light rain
8.9 ° C
9.4 °
8.3 °
87 %
0.5kmh
100 %
Sun
13 °
Mon
12 °
Tue
13 °
Wed
14 °
Thu
6 °