Wednesday 7 December 2016

Laura Noonan: So why would Anglo spurn Drumm's offer of a €2m tip?

Published 15/10/2010 | 05:00

FROM the breathless coverage of David Drumm's lunge for bankruptcy last night, the casual observer could easily form the view that Anglo Irish Bank's chiefs are complete morons.

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Drumm, the Anglo chief who led the bank to its collapse, had apparently offered it assets totalling €10m to clear debts of €8m.

The settlement, which included the banker's €5.4m pension pot, was knocked back and the bank ploughed on with a legal action that is due to start in the Four Courts on Tuesday.

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