Tuesday 6 December 2016

Drumm questioned in 'secret' session

Brendan Lynch in Boston

Published 09/02/2011 | 05:00

DISGRACED former Anglo Irish Bank chief executive David Drumm was questioned behind closed doors yesterday about his actions while in charge of the troubled bank.

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Lawyers representing Anglo quizzed Mr Drumm for several hours in Boston at a deposition hearing linked to his bankruptcy case in the US.

The hearing, which the media was not allowed to attend, is understood to have focused on decisions Mr Drumm made while at Anglo's helm.

Lawyers for the bank have indicated Anglo may bring a case against Mr Drumm (44) over certain actions he took while he was the bank's chief executive between 2005 and 2008.

He declined to comment on his way into the hearing, which took place at the offices of law firm Foley Hoag LLP.

"I've got nothing to say to you," he told the Irish Independent.

Mr Drumm has repeatedly fought to keep details of the case under wraps. The contents of his testimony yesterday are to remain secret following a protective order Drumm applied for, and Anglo agreed to, last month.

However, the proceedings were videotaped and Anglo has said excerpts from the transcript may be aired in court at a later date.

Mr Drumm, who fled to the US in December 2008, filed for bankruptcy last October with debts of €10.26m.

Irish Independent

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