Ireland Begins Arresting Top Bankers Responsible For 2008 Crash…(About Time!)
by Sean Adl-Tabatabai
YourNewsWire.com
July 29, 2016
Ireland are following in Iceland’s footsteps by jailing its top bankers responsible for the 2008 financial crash.
Following from last year’s mass incarceration of 26 bankers in Iceland, Ireland is going to prosecute the 2005-2008 CEO of Anglo Irish Bank, David Drumm, on 33 criminal charges.
Anonhq.com reports:
These include two charges of conspiracy to defraud and false accounting relating to €7.2 billion in deposits placed in Anglo Irish Bank accounts by the then Irish Life and Permanent, between March and September 2008.
16 of the 33 charges relate to unlawfully authorizing billions in loans (to be invested back into Anglo Irish Bank) to 16 wealthy investors, in a bid to artificially prop up Anglo Irish Bank’s share price before its December 2008 collapse. Each of the 33 offenses carries a 5 or 10 year jail term, except for a single count of conspiracy to defraud, which has a maximum penalty of an “unlimited term of imprisonment” under Irish law.
The Rest…HERE
