Irish bankers jailed
DUBLIN: Three senior Irish bankers have been jailed for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled Ireland’s economy.
The lack of convictions until now has angered Irish taxpayers, who had to stump up € 64 billion after a property collapse forced the biggest state bank rescue in the euro zone.
Former Irish Life and Permanent chief executive Denis Casey was sentenced to two years and nine months following the 74-day criminal trial, Ireland’s longest ever.
Willie McAteer, former finance director at the failed Anglo Irish Bank, which was nationalised in 2008, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively.