Sunday 16 December 2018

Anglo eyeing Drumm action

EMBATTLED Anglo Irish Bank may pursue former chief executive David Drumm for actions he took during his tenure in the bank.

Mr Drumm has filed for bankruptcy in Boston and Anglo, which says it is owed about €8.5m from him, is his largest creditor.

The bank sought an emergency order from a court in Boston compelling Mr Drumm to attend and make a deposition tomorrow in the offices of the bank's US attorneys.

Anglo said it was having difficulty getting agreement on a date for a deposition and that it was having difficulty getting Mr Drumm to hand over documents it said he was obliged to hand over.

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