Judge Karen O’Connor stressed that Drumm was not being jailed for “the financial crisis,” instead “only for the two specific offenses for which he has been convicted.” Anglo Irish Bank required a huge state bailout and was nationalized in 2009, contributing to an economic crisis in Ireland that later forced Dublin to seek an €85-billion-international rescue. Dublin: A judge on Wednesday jailed a former head of Anglo Irish Bank for six years for carrying out fraud at the start of the world financial crisis a decade ago. David Drumm, 51, had at an earlier hearing been found guilty of fraud and false accounting at the bank, whose rapid fall from grace epitomised Ireland’s own financial collapse. Ahead of sentencing, the court on Wednesday heard from the defense that Drumm had acknowledged a “huge error in judgment” over the €7.2 billion fraud. Judge Karen O’Connor, sitting at Dublin Circuit Criminal Court, stressed that Drumm was not being jailed for “the financial crisis,” instead “only for the two specific offenses for which he has been convicted.” Drumm had been accused of transferring huge sums between Anglo Irish Bank and another financial institution, sometimes only for a few hours, to make the bank’s balance sheet look better than it was as the global financial crisis took hold. Anglo Irish Bank required a huge state bailout and was nationalized in 2009, contributing to an economic crisis in Ireland that later forced Dublin to seek an €85-billion-international rescue. Drumm moved to Boston in the United States shortly after the collapse of Anglo Irish Bank, but was later arrested there and extradited to Ireland to face trial. Two of Drumm’s Anglo colleagues and the former head of Irish Life and Permanent — the other financial institution involved in the fraud — had already been jailed over the same conspiracy. Passing sentence on Drumm, O’Connor took into account the five months he had already served in the US custody awaiting his return to Ireland.