Breffni byrne biography of williams
Mr Byrne was giving evidence on day 65 of David Drumm's conspiracy to defraud trial at Dublin Circuit Criminal Court..
IL&P official not made aware of €7.2bn Anglo deal until months later, David Drumm trial hears
Breffni Byrne said he would have expected it to be discussed prior to taking place, due to the size and nature of the transaction, which took place in September 2008.
“I remember there was something about it in the paper and maybe a week later on February 12, 2008 we were given the full facts,” he said.
Mr Byrne was giving evidence on day 65 of David Drumm's conspiracy to defraud trial at Dublin Circuit Criminal Court.
David Drumm accepts that the multi-million euro transactions took place in between Anglo and ILP in 2008 but disputes that they were fraudulent or dishonest.
Today Mr Byrne told Paul O'Higgins SC, prosecuting, that he was aware of increased meetings between ILP and the financial regulator as the banking crisis worsened.
The witness said the full board of ILP travelled to the Central Bank on May 1, 2008 to meet with the financial regulator.
He told Mr O'Higgins that t