Saturday 7 December 2019

Ex Anglo banker David Drumm seeks release from jail on bail

Ex-Anglo chief David Drumm
Ex-Anglo chief David Drumm

Orlaith Farrell in Boston

Fugitive banker David Drumm is back in court in Boston today, where he will again ask for his release from prison on bail, on the grounds that he is being unlawfully detained.

Lawyers for the former Anglo Irish Bank chief executive have claimed in filings  that there is a “legitimate risk" to his safety.

In 31 pages of documents filed on Christmas Eve, his legal team have petitioned for a habeas corpus and included information about “a series of highly unusual past and ongoing incidents” that the 49 year old has experienced since his incarceration.

As a result of threats to his safety, the 49 year old has been transferred four times in two months, according to his lawyers.

Mr Drumm’s legal team haver referred to threats to their client’s personal safety previously, however the nature of those threats has not been revealed.

The Dubliner, who is fighting his extradition to Ireland to face 33 charges in relation to transactions carried out during his time at the helm of Anglo, was arrested at his home in a leafy suburb of Wellesley in Boston on October 10th.

In November, David Drumm made a personal plea to a Massachusetts Court to be released, insisting that he did not flee Ireland after his resignation from Anglo in 2008 and offered to be placed under house arrest ahead of his extradition trial, which is likely to go ahead in March.

Judge Donald Cabell rejected that application last month, ruling that although Mr Drumm found jail “uncomfortable” it didn’t amount to special circumstances permitting release.

In his decision, Judge Cabell said separate US Bankruptcy Court rulings that rejected the disgraced banker’s bid for a fresh financial start on the grounds that he had failed to disclose assets and transfers and deliberately misled investigators, had an impact on his decision not to grant bail.

His legal team have claimed that Judge Cabell was wrong to keep Mr Drumm behind bars until his trial; that he failed to recognise the impact of the banker’s incarceration on his family as well as understating the risks posed to Mr Drumm's personal safety behind bars.

Mr Drumm, who has been jailed for almost three months will be transported from the Plymouth Country Correctional Facility outside Boston ahead of his hearing, at 3pm Irish time.

Also in Business