Monday 23 April 2018

David Drumm gets extension in bankruptcy appeal case

David Drumm. Photo: Bizuayehu Tesfaye
David Drumm. Photo: Bizuayehu Tesfaye

Shane Phelan Public Affairs Editor

Former Anglo Irish Bank boss David Drumm has been allowed an additional eight weeks to file papers in his US bankruptcy appeal.

A judge granted the extension after Mr Drumm (49) complained he had been unable to work on the case due to being kept in solitary confinement for “a lengthy period” following his arrest last October.

The former Anglo chief executive is currently being held at a maximum security prison in Plymouth, near Boston, while he awaits extradition to Ireland to face 33 criminal charges from his time at the helm of the bank.

However, he is also involved in a protracted bankruptcy case and is fighting to overturn the decision of a bankruptcy judge to deny him protection from creditors. The Dubliner had debts of around €11m.

US Court of Appeals judge Jeffrey Howard allowed Mr Drumm the extension. It means he will not have to file his appeal papers until April 26.

However, the judge said he was “disinclined” to grant any further extensions after that date.

Mr Drumm’s bankruptcy trustee, Kathleen Dwyer, had voiced fears Mr Drumm may seek to drag out the appeal.

Earlier this week, Mr Drumm indicated he was dismissing his legal team and would be representing himself in the appeal.

It is not yet clear what bearing, if any, the bankruptcy appeal will have on Mr Drumm’s return to Ireland.

Authorities have yet to announce a date for his return.

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