Friday 30 September 2016

Timeline: Events leading up to the dramatic return of former Anglo boss

Published 15/03/2016 | 02:30

David and Lorraine Drumm in Cape Cod in the US
David and Lorraine Drumm in Cape Cod in the US
David Drumm arrives at a courthouse in Boston.
David and Lorraine Drumm

January 2005: David Drumm is appointed chief executive of Anglo Irish Bank, replacing Sean FitzPatrick.

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December 2008: Mr Drumm resigns as Anglo boss.

January 2009: Anglo is nationalised.

February 2009: Gardaí and the Office of the Director of Corporate Enforcement (ODCE) begin investigations into Anglo.

June 2009: Mr Drumm moves to the US with his wife and children. They settle in Wellesley, a suburb of Boston, and he sets up a financial advisory company.

Throughout 2009 and 2010: Senior gardaí and ODCE officials correspond with Mr Drumm's lawyers seeking to arrange a meeting with him.

October 2010: Mr Drumm files for bankruptcy in the US, with the new management at Anglo pursuing him over debts owed to the bank.

May 2014: Mr Drumm's bankruptcy trial begins.

July 2014: Warrants for Mr Drumm's arrest are issued by Dublin District Court.

December 2014: The State formally applies to US authorities to have Mr Drumm extradited to Ireland.

January 2015: Mr Drumm fails to be discharged from his debts, but quickly lodges an appeal seeking to overturn the decision.

October 2015: Mr Drumm is arrested by US Marshals at his home.

February 2016: Waiving his right to an extradition hearing, Mr Drumm decides to return to Ireland.

March 10, 2016: The US State department signs off on Mr Drumm's extradition order.

March 14, 2016: After seven years, Mr Drumm finally sets foot on Irish soil. He is charged with 33 serious offences and appears at Dublin District Court where he is given consent to bail.

Irish Independent

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