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Saturday 19 September 2020
A disciplinary tribunal heard that the former Anglo Irish Bank chair had committed “misconduct of a serious nature”.
The legal action was first filed in 2011, and had been expected to last a number of months.
Justice Garrett Simons said there was ‘no realistic basis’ for the application.
The action first initiated in 2011 was delayed for several years pending criminal cases against various Anglo officials.
A report said that shredding documents were among the shortcomings made in the ODCE investigation.
The former chief executive was this week jailed for six years.
Detective chief superintendent Pat Lordan said Drumm’s sentencing has come at the “end of a long road for An Garda Síochána”.
Judge Karen O’Connor noted that the most significant form of mitigation would have been a result of a guilty plea but that was not available in this case.
He will be sentenced on 20 June.
The trial has been one of the longest-running in the history of the State.
Drumm faces charges of alleged conspiracy to defraud Anglo depositors by inflating the Anglo deposit total by €7.2 billion in September 2008.
Judge Karen O’Connor said the jury must come to their own conclusion based on the evidence they hear in court.
The inquiry is investigating the sale of IBRC loans where there was a loss of at least €10 million to the taxpayer.
Today was the 30th day of the trial of former Anglo Irish Bank CEO David Drumm.
Drumm has pleaded not guilty to conspiring to defraud depositors and investors by “dishonestly” inflating Anglo’s deposits figure by €7.2 billion.
Jury selection is under way.
O’Mahony had been charged with conspiring to destroy or falsify records of accounts connected to the bank’s former chief executive Sean FitzPatrick
The Court of Appeal upheld the convictions of two former bankers jailed for conspiracy to defraud the public Anglo Irish Bank in 2008.
Asked if he would be celebrating tonight FitzPatrick told the press pack: “That was last night”.
The Office of the Director of Corporate Enforcement led the investigation.
But the state corporate watchdog says that its practices have since changed.
The ex-Anglo chairman’s trial had become the longest in the history of the Irish state.
It entered its 90th day today.
The former Anglo Irish Bank chairman is accused of misleading auditors about multimillion euro loans from the years 2002 to 2007.
“I made a dreadful mistake which thereafter I acknowledged and admitted,” he told the court.
Willie McAteer is currently serving a three and a half year sentence for other offences.
Willie McAteer will be sentenced in January.
Earlier, the State’s highest court rejected the independent TD’s challenge to the decision to use public money to aid institutions like Anglo Irish Bank in 2010.
Sean FitzPatrick has pleaded not guilty to 27 offences under the 1990 Companies Act.
Sean FitzPatrick is facing charges of misleading the bank’s auditors about millions of euro in loans.
The trial is expected to run for three months.
The judge at a hearing today did note, however, that it would be hard for him to leave the state without being noticed.
The deputy’s challenge against the €31 billion promissory note deal was rejected by the High Court.
The former banker has waived his right to battle his extradition from the US.
Drumm has offered to return to Ireland under strict bail conditions.
Another potential juror told Judge Martin Nolan he had “very strong views” on the issue.
The 49-year-old is wanted in Ireland on 33 charges relating to transactions while he was chief of the now-defunct Anglo Irish Bank.
The former Anglo Irish Bank chief has filed a legal challenge against the US government for ‘unlawful detention’.
The Plymouth County Correctional Facility has housed infamous murderers and terrorists, and now, the former CEO of Anglo.
The alleged offences that Ireland wants to charge the former Anglo CEO with have been revealed for the first time.
MORE THAN THREE-quarters of people would support the government looking into the prospect of a four-day work week, according to a new survey.
This means doing the same job for the same salary, but over four days rather than five.
There have been calls for this idea to be explored already and the Four Day Week Ireland campaign today released details on its public attitude survey conducted last month.
Two out of three respondents said a four-day work week is “realistic and achievable” in the medium term.
67% of employers said they support the idea and 46% said it would be “feasible” to trial in their workplace.
“The four-day week, with no loss of pay, offers the potential of a genuinely better future for workers and employers alike,” said Joe O’Connor, director of campaigning with Fórsa trade union.
What may once have seemed like a radical concept is now, for many, a reasonable and rational ambition. The Covid-19 pandemic has further disrupted societal and workplace norms, while illustrating the potential for very different models of work.
So today we’re asking: Would you support a four-day work week?
Poll Results:
Share your story: voices@thejournal.ie
Breezy this morning; otherwise, clearing
Max: 14 °C
Min: 11 °C
Mostly sunny
Max: 16 °C
Min: 8 °C
Some sun; fog early in the day
Max: 20 °C
Min: 12 °C
