Friday, March 18, 2016

IRELAND TO PROSECUTE TOP BANKER WHO DESTROYED THEIR ECONOMY

A former head of a major Irish bank has been extradited from the U.S. and brought before Dublin District Court to face several charges stemming from the bank’s role in the 2008 financial crisis.

David Drumm, former chief executive of Irish Anglo Bank from 2005 until 2008, had been arrested in Boston in October 2015, and originally attempted to fight extradition — but he recently withdrew the objection and was returned to Ireland early on Monday.

Drumm faces 33 charges in Ireland, which echoes Iceland’s unprecedented move to hold its bankers criminally accountable for their role in that country’s economic meltdown. Though Drumm predictably denied wrongdoing, his charges include “fraud, forgery, misleading management reporting, unlawful lending, falsifying documents, and false accounting, linked to financial transactions prior to the collapse of Anglo,” according to the Irish Times.

http://www.blacklistednews.com/Ireland_to_Prosecute_Top_Banker_Who_Destroyed_Their_Economy_%E2%80%94_Guess_Where_He_Was_Hiding/49833/0/38/38/Y/M.html

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