Monday 5 December 2016

Trial of former Anglo boss David Drumm will be of 'major significance' - Taoiseach

Cormac McQuinn Political Correspondent

Published 12/02/2016 | 18:08

David Drumm faces 33 charges on his return to Ireland (James Horan/Photocall Ireland)
David Drumm faces 33 charges on his return to Ireland (James Horan/Photocall Ireland)

The trial of former Anglo Irish Bank boss David Drumm will be of "major significance", Taoiseach Enda Kenny has said.

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Mr Kenny was speaking after Mr Drumm dropped his fight against extradition from the US and agreed to return to Ireland to face a number of charges.

He noted that Mr Drumm had objected to extradition in "a series of court hearings in the United States".

Mr Kenny said: "I'm glad that he has decided to withdraw his objection to the extradition claim and I expect that there will be a very major trial for Mr Drumm when he returns here to Ireland.

"That's a trial of pretty major significance," he added.

Mr Drumm is accused of conspiring to conceal massive losses from shareholders.

He left Ireland after the bank collapsed and moved in 2009 to the Boston suburb of Wellesley, where he was arrested in October.

A March 1 extradition hearing had been scheduled, but during a hearing in federal court, Mr Drumm waived his right to an extradition hearing.

In an affidavit filed with the court he said he would continue to contest the charges in the Irish courts.

It was not immediately clear when Mr Drumm will be returned to Ireland.

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