Belfast Telegraph

Wednesday 1 October 2014

Drumm 'should face Anglo quiz'

The Justice Minister has called on former Anglo Irish Bank chairman David Drumm to face questions by investigators probing fraud at the toxic lender.

Alan Shatter said the ex-banker needs to co-operate with gardai instead of protesting about media coverage of the bank's bailout.

Mr Drumm accused politicians and senior officials of making him scapegoat for the banking crisis and criticised the "drip, drip, drip" release of secret phone recordings made at the toxic lender in 2008 at the height of the banking crisis.

"I do notice that Mr Drumm, from the United States, is now protesting at the coverage that is taking place within the Irish media," said Mr Shatter.

"I do believe he should co-operate with An Garda Siochana as he has been requested to do and make himself available to answer any questions that remain to be answered in the context of the investigation that is taking place."

Mr Drumm, who is from Skerries in north Co Dublin, fled to the US after Anglo collapsed.

He has called for all of the tapes, emails and documents from all banks, and not just Anglo, to be made public, specifically including all of the conversations involving Anglo senior management, the Financial Regulator and the Central Bank of Ireland.

Mr Shatter said the taped conversations of several Anglo executives reveal their contempt for the financial regulatory system and a lack of concern as to how their conduct might impact generally on people throughout the country, on the country itself, on its reputation and on the banking system.

"Quite clearly they had an approach that has annoyed substantially and shocked many people," he added.

The latest transcripts of tapes, published by the Irish Independent, reveals head of treasury John Bowe claimed that that the Central Bank and Financial Regulator were "effectively egging us on - for Irish banks to help each other".

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