The jury at David Drumm’s conspiracy to defraud trial heard evidence from a former manager at the Central Bank, on day 70 of the hearing at Dublin Circuit Criminal Court.

Pamela Lennon, the first prosecution witness from the Central Bank, said she oversaw a shared network of computers, accessed by all Central Banks across Europe, in 2008.

She said this network captured the real-time balances of individual banks in each member state.

“These records gave a read out of how much money a particular bank had on a given day,” she said.

David 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.

Source: Irish Examiner