Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

David Drumm was sentenced yesterday. Brian Lawless/PA Images

'The tapes don't lie': Senior garda says Drumm's crimes caused 'real harm' to the public

Detective chief superintendent Pat Lordan said Drumm’s sentencing has come at the “end of a long road for An Garda Síochána”.

THE GARDA THAT led the investigation into former Anglo Irish Bank CEO David Drumm said that yesterday’s sentencing sent out a message that Ireland takes this sort of crime seriously and “no stone will be left unturned” in prosecuting such cases.

The former Anglo chief was sentenced to six years in jail for his part in a multi-billion euro bank fraud scheme in 2008.

Earlier this month, a jury at Dublin Circuit Criminal Court returned unanimous verdicts of guilty on one charge of conspiracy to defraud and one of false accounting, after just over ten-and-a-half hours of deliberations.

It was the State’s case that Drumm conspired with a number of others to carry out €7.2 billion in fraudulent circular transactions in order to bolster the customer deposits figure on Anglo’s balance sheet.

Speaking on RTÉ’s Morning Ireland, detective chief superintendent Pat Lordan said Drumm’s sentencing has come at the “end of a long road for An Garda Síochána”.

“It’s been a long nine years,” he said. “I know the members of the team have worked hard… right up to the end of the trial.”

Lordan said that, from the gardaí’s perspective, their investigation is now complete “insofar as the trial is finished and a conviction has been achieved”.

The investigation into Drumm was similar to other criminal investigations, he said, with up to 20 gardaí working on the case over the years.

Lordan said that the prosecution was a “credit to all those who followed it through” when others may have “run up against a brick wall”.

The senior garda noted that real harm had been done by Drumm’s crimes and that the public was entitled to have trust in blue chip companies. Prior to appearing on the show, extracts from the so-called Anglo Tapes of Drumm’s comments in 2008 were played.

He said: “The tapes don’t lie. You can hear the attitude to what was going on. Even for the jury, I think that was strong evidence.

It came out quite clearly in the court that Mr Drumm could not be blamed for the recession… [but] the purpose was to try to keep the bank alive when it was an impossible task to keep the bank alive.

Lordan added that Drumm’s prosecution and six-year sentence sent out a strong message that Ireland treats white collar crime very seriously and “no stone will be left unturned” in prosecuting such offenders.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
57 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds