On the opening day of his trial Mr Drumm accepted that the multi-million euro transactions took place between Anglo and ILP in 2008 but disputes that they were fraudulent or dishonest. ‘Hindsight’Mr Grehan said Mr Drumm answered Ireland’s call when it came, donned the green jersey and did not desert his post at Anglo. He said the titans of industry and the wise men who sat on the bank’s audit committee “missed” the transactions, yet Mr Drumm is being held criminally liable for them. However, Mr Grehan said the case lacked all the hallmarks of conspiracy. “David Drumm is not proud of every decision he made, but he made them in good faith with no criminal motivation, while trying to save the bank,” Mr Grehan said.

Source: The Irish Times May 25, 2018 18:45 UTC