David Drumm, already jailed for fraud, pleads guilty over loans to property developers

The former chief executive of the bank at the centre of Ireland’s financial crash has pleaded guilty to charges related to unlawful loans to property developers a decade ago.

David Drumm, who was jailed earlier this month over his role in a €7.2bn (£6.3bn) fraud conspiracy at the bank, admitted authorising or permitting Anglo Irish Bank to give unlawful financial assistance to a group of investors to buy shares in the bank in 2008.

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