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Saturday 10 December 2016

Drumm to face Fraud Squad

Published 26/09/2010 | 05:00

THE former chief executive of Anglo Irish Bank is believed to have fixed a date for his long-awaited interview with the Fraud Squad next month.

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David Drumm has agreed to a meeting with detectives when he returns for a High Court case that starts on October 26.

Garda sources said they have yet to decide whether Mr Drumm will be arrested and questioned under caution about the €7.4bn deposit that bolstered the bank's balance sheet and other financial irregularities.

After his resignation in December 2008, Mr Drumm moved to Cape Cod, in the US, where he has remained at a distance from the garda investigation.

While his Anglo colleagues, Sean FitzPatrick, the former chairman, and Willie McAteer, its former head of finance, were arrested earlier this year, Mr Drumm remained in the US.

However, he struck up email contact with detectives after they made it clear they wanted to interview him in connection with the irregularities at Anglo.

Drumm has claimed in court papers that he moved to the US because he had no employment prospects in Ireland, and denied that he wanted to avoid his responsibilities.

Sunday Independent

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