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Banking: I'm the victim here - Drumm

FORMER chief executive of Anglo Irish Bank David Drumm has complained that the Government wants to subject him to trial by media in its request to question him about his debts to the bank.

Mr Drumm has said the bank is motivated by the political wishes of Minister for Finance, Brian Lenihan, and wants to subject him to "the spectacle of a public trial".

The banker, who has filed for bankruptcy in Boston as he is now resident in Cape Cod, Massachusetts, said since the 2009 Act transferring the bank's shares to Mr Lenihan, Anglo has ceased to manage its affairs.

"Several months ago the debtor offered Anglo all his assets, including pension assets, exempt from execution under both Irish and US law, to settle the Irish litigation and repay Anglo's claims, but Anglo refused so it could proceed with the spectacle of a public trial," he said.

In 2008 the bank initiated proceedings in Ireland seeking the return of loans totalling €8.4m from him and a request to nullify the transfer of his family home in Malahide, Co Dublin, solely into his wife's name.

Mr Drumm said that since the nationalisation of Anglo, the Minister for Finance has the power to require the bank to do or refrain from doing that which, in the opinion of the minister, is "necessary or expedient in the public interest".

If the court grants the request from the bank, then it should order that Anglo cannot disclose the information it obtains.


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