Thursday 8 December 2016

Drumm can't be snared as reporters beat path to his door

Published 01/04/2010 | 05:00

DAVID Drumm has left his footprint on Anglo Irish Bank.

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The former chief executive was a member of the top management trio at the bank when the current nightmare for the Irish taxpayer was created.

But Mr Drumm is determined that no one leaves a footprint on his manicured lawn. A roughly drafted 'no trespassing' sign has been erected outside his luxury home in Cape Cod, Massachusetts, after Irish journalists had the temerity to try to question him there.

The sign appeared in the middle of March, after local police responded to a complaint of an unwanted reporter on Mr Drumm's lawn.

Since then, media knocking at his door have been told in no uncertain terms to read it as they leave. Gardai have yet to come knocking.

Mr Drumm's fellow top managers at Anglo during the timeframe under joint investigation by gardai and the Office of the Director of Corporate Enforcement -- Sean FitzPatrick and William McAteer -- have been taken in for questioning. They, of course, live in Ireland. It is thought gardai may invite Mr Drumm to make himself available voluntarily for interview by fraud officers.

There can be no extradition, as Mr Drumm would only be required for questioning and would not be charged.

Local police have confirmed that they have not been contacted by gardai in relation to Mr Drumm, and locals were not aware until very recently about the background to the banker living in their midst.

He bought the luxury home in March 2008 for $4.6m (€3.4m).

Local reporters have revealed that in July of last year he filed a declaration of homestead on the property, "a move that shields the property from being used to satisfy debts up to a value of $500,000 (€370,000)".

Irish Independent

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