The Irish Times has reported that Former Anglo Irish Bank chief executive David Drumm has been sentenced to six years in jail, getting credit for five-and-a-half months served in Massachusetts in the US, for his role in a €7.2 billion fraud perpetrated at the peak of the banking crisis in 2008. The court sentenced Drumm on two specific offences: conspiracy to defraud and false accounting in relation to the €7.2 billion transactions.
 
According to the report, Drumm showed no emotion as the judge handed down her sentence. Sitting in the dock, wearing a navy blue suit and open-neck light blue shirt, he tilted his head back, listening intently to her ruling. Under court rules, the Dubliner has 28 days to lodge a notice of intention to appeal his sentence.
 
The jury of nine men and three women found Mr Drumm guilty of the two counts after deliberating for 10 and a half hours on the 87th day of the trial, one of the longest criminal trials in the history of the State. His co-conspirators in the transactions were convicted for their roles in the fraud two years ago.
 
Source: www.businessworld.ie