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Ex-Anglo boss David Drumm seeks bail in US fraud case

By Damian Clarkson

The former chief executive of Anglo Irish Bank, who is facing fraud and other charges in Ireland, has asked a US judge to release him on bail while he awaits an extradition hearing.

The Boston Globe reports that David Drumm told a federal judge in Boston yesterday that he is not a flight risk and would not abandon his family. He asked for home confinement with electronic monitoring so he can continue working.

Federal prosecutors argued that Drumm is a flight risk who can marshal "significant resources" and has not co-operated with Irish authorities.

The judge did not make an immediate ruling.

Drumm left Ireland and moved to the Boston suburb of Wellesley in 2009.

Irish criminal investigators accuse Drumm of conspiring to conceal massive losses at Anglo Irish Bank from shareholders.

Belfast Telegraph


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