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Monday 6 February 2023 Dublin: 7°C
Photocall Ireland David Drumm and Sean FitzPatrick
# Bankers
Seán FitzPatrick and David Drumm have been asked to come before banking inquiry next month
While the banking inquiry has powers to compel witnesses, that power does not extend beyond this jurisdiction.

THE BANKING INQUIRY has asked Seán FitzPatrick and David Drumm to come before it next month.

The Oireachtas committee, which is investigating the collapse of the Irish banking system, has directed the two former Anglo Irish Bank executives to attend the inquiry on 29 July.

It is understood that both were notified within the last month that they would be called. While both have acknowledged the correspondence from the inquiry, they have not confirmed if they will attend.

The inquiry has entered a formal process with the two potential witnesses where they will seek witness statements and notify them of core documents related to the inquiry’s investigation.

Drumm, the former chief executive of the now-defunct bank, currently resides in the US, where he filed for bankruptcy in 2010. This was refused by a US judge, and was later appealed by Drumm.

While the banking inquiry has powers to compel witnesses, that power does not extend beyond this jurisdiction.

FitzPatrick, a former CEO and chairman of the bank, is facing a trial before the Dublin Circuit Criminal Court in October over the alleged failure to disclose millions of euros in loans to the bank’s auditors.

Two other former Anglo executives, Willie McAteer and Pat Whelan, have also been asked to appear before the inquiry.

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