David Drumm given €12k tax rebate in Ireland, according to US court documents

FORMER ANGLO Irish Bank CEO David Drumm got a tax rebate of €12,000 from the Revenue Commissioners in Ireland, according to documents filed as part of his US bankruptcy proceedings.

RTÉ reports that Drumm has been questioned closely by the bankruptcy trustee in the US over his claims that he owes his wife $216,000 (€151,600).

Drumm launched his bid to be declared bankrupt in the US last year, but his creditors are challenging the legal action.

Meanwhile, Anglo Irish Bank is pursuing Drumm for the €8.5m he owes the bank.

Anglo investigation

Fianna Fáil TD Michael McGrath has called on the government to urge US authorities to revoke Drumm’s visa in an effort to force his return to Ireland, where gardaí want to interview him as part of an ongoing investigation into Anglo’s activities in the run-up to the bank’s nationalisation in 2008.

Gardaí and the Director of Corporate Enforcement have sought several extensions to their joint inquiry into affairs at the bank.

However, Justice Peter Kelly recently refused to grant the latest of the extension requests and questioned the slow pace of the investigation. The investigation had been expected to wind up in March 2011, but Kelly was told that some elements of the investigation would not be completed until the end of the year.

Read more about Drumm’s tax rebate on RTÉ.ie >