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Ex-Anglo boss still being held by gardai

FORMER Anglo Irish Bank finance director William McAteer was still being questioned by gardai today with attention also turning to the bank's former chief executive, David Drumm.

Members of the garda fraud bureau team were given an extension of the time allowed to question Mr McAteer, who is the second senior figure arrested as part of the investigation into financial irregularities.

In an operation similar to that of the arrest of former bank chairman Sean FitzPatrick last week, Mr McAteer was arrested at his home and is being detained under Section 4 of the Criminal Justice Act 1984 at Irishtown Garda Station.

He is also being held in connection with offences under Section 10 of the Theft and Fraud Offences Act. Mr FitzPatrick was released without charge last week after 24 hours of questioning about alleged irregularities at the bank.

It now seems likely that other high-profile figures at the bank including former chief executive David Drumm will be the next key targets for the garda investigating team.

Mr Drumm was a member of the top management trio in the bank during the timeframe under joint investigation by gardai and the Office of the Director of Corporate Enforcement.

He is currently living in a €3m house in Cape Cod, Massachusetts.