Belfast Telegraph

Former Anglo Irish Bank chief David Drumm denied bail in US

A US judge has rejected a request from the former chief executive of Anglo Irish Bank to be released on bail while he awaits an extradition hearing on fraud charges in Ireland.

Federal judge Donald Cabell, in Boston, said David Drumm's lawyers failed to show he should be released due to "special circumstances" while he awaits the March hearing.

Drumm's lawyers argued last month he should be released on bail and placed on home confinement with electronic monitoring so he could continue working and support his family.

Judge Cabell said in his ruling that Drumm's family appear to have significant resources.

Irish investigators accuse Drumm of conspiring to conceal massive losses from shareholders.

Drumm left Ireland after the bank collapsed. He moved to the Boston suburb of Wellesley in 2009.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?


From Belfast Telegraph