Tuesday 12 December 2017

Why ex-Anglo boss has been given bail

Former Anglo banker David Drumm leaves the Courts of Criminal Justice in Dublin yesterday after he was granted bail. Photo: Mark Condren
Former Anglo banker David Drumm leaves the Courts of Criminal Justice in Dublin yesterday after he was granted bail. Photo: Mark Condren
Independent.ie Newsdesk

Independent.ie Newsdesk

Former Anglo Irish Bank boss David Drumm was given bail following an application from his defence solicitor.

Michael Staines said his client was not a flight risk and if he had wanted to flee he could easily have gone to Canada, which has no formal extradition arrangement with Ireland.

The solicitor said Mr Drumm had strong family ties in Ireland with no less than 47 relatives living here.

Four of these had offered, if called upon, to put up their properties to guarantee bail.

Mr Drumm's wife Lorraine was also planning to sell their US home and move back to Ireland, Mr Staines told the court.

Judge Michael Walsh considered the application and agreed to grant bail.

He said Mr Drumm had the presumption of innocence and a constitutional presumption of bail.

Judge Walsh said the balance of justice always favoured an accused person being given bail.

He said he had to be mindful that the trial would deal with complex matters which would require considerable discovery.

Mr Drumm would need access to computers and equipment to listen to recordings.

He would also need access to his legal team for discussions on preparing his defence.

There also appeared to be no possibility of the trial starting until 2017.

Irish Independent

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