David Drumm case: prosecution concludes evidence after 74 days

The State's case against former Anglo Irish Bank chief executive David Drumm at Dublin Circuit Criminal Court has closed after 74 days of evidence.

Paul O'Higgins SC, prosecuting, told the jury of 10 men and four women on Tuesday that lawyers for the Director of Public Prosecutions had completed their evidence and that the prosecution case has closed.

Judge Karen O’Connor sent the jury home for the day, telling them that Mr Drumm’s lawyers intended to make an application to the court which would be considered in their absence.

Mr Drumm (51), of Skerries, Co Dublin, has pleaded not guilty to conspiring with former bank officials Denis Casey, William McAteer, John Bowe and others to defraud depositors and investors at Anglo by "dishonestly" creating the impression that deposits in 2008 were €7.2 billion larger than they were.

He has also pleaded not guilty to false accounting on December 3rd, 2008, by furnishing information to the market that Anglo’s 2008 deposits were €7.2 billion larger than they were.

Mr Drumm accepts that the multi-million euro transactions took place in between Anglo and Irish Life & Permanent (ILP) in 2008 but disputes that they were fraudulent or dishonest.

Over the course of the trial, the jury has heard evidence from witnesses who worked at Anglo, ILP, Irish Life Assurance, AIB, the Central Bank, the Financial Regulator and an expert witness for the State from BDO accountants in London.

Judge O’Connor told the jury that everyone was conscious of their commitment and the inconvenience that the 15-week trial has caused them.

They will return to court on Wednesday, when the judge said she would be in a better position to advise them regarding the timeline for the remainder of the trial.