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Dublin: 14°C Thursday 7 July 2022

David Drumm is to return to Ireland to face charges relating to Anglo

The former banker has waived his right to battle his extradition from the US.

Anglo Irish Bank Results Source: Leon Farrell/Rollingnews.ie

Updated 21.54

DAVID DRUMM IS set to return to Ireland to face charges regarding his tenure as chief executive of  Anglo Irish Bank.

The former Anglo CEO today dropped his battle against an extradition request at a court hearing in Boston, RTÉ reports.

It’s understood that it will take several weeks before the legal process surrounding Drumm’s extradition can be finalised.

Drumm had no family or supporters present during today’s hearing.

He appeared in court today in green prison attire and wearing shackles on his arms and legs.

Once the judge had satisfied himself that Drumm understood what he was doing by waiving his right to challenge his extradition, he announced that he would sign off on that extradition within 24 hours.

The former Anglo Irish Bank CEO had been originally due in court on Monday, but Boston snowstorms put paid to that plan.

The former head of Anglo faces 33 charges here relating to transactions while he was chief of the now-defunct bank. Many of those relate to the so-called “Maple 10″ group of investors.

He remains in custody in Boston following his arrest over an extradition order to Ireland.

Speaking last week, his brother said Drumm had offered to return here if he is guaranteed the State will not oppose bail while he awaits trial.

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He has written to the DPP, offering to adhere to strict bail conditions, including wearing an electronic tag, handing over his passport and signing on daily at a garda station.

It’s understood the DPP has not acceded to the request.

Drumm was CEO of Anglo between 2005 and December 2008. He resigned the day after his predecessor as CEO Seán Fitzpatrick had done likewise.

With reporting by Cianan Brennan

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Originally published 8.04am

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