herald

Tuesday 6 December 2016

Drumm's got a movie defence

There's a joke in The Shawshank Redemption that, whenever an inmate is asked about his crime, he answers, "I'm innocent. My lawyer screwed me". So it wasn't surprising to hear that David Drumm (inset) is appealing against a ruling that has made him personally liable for debts of €10m. The US court ruled as it did because it decided that Drumm had concealed €1m by secretly transferring it to his wife to put it out of reach of creditors. Drumm is claiming that he told US lawyers about the transfers, but they forgot to submit them in court i.e. his lawyers screwed him. It's apt that Drumm's pulled a 'Shawshank defence' as he has one thing in common with many of the movie's inmates - he still believes he did nothing wrong.

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