David Drumm 'took loan for Colin Farrell film but never paid it back'

Anglo boss David Drumm can be heard on new recordings laughing about about ‘abusing’ the bank guarantee and warned his executives not to be caught abusing it.

Former Anglo Irish chief executive David Drumm borrowed money from his former employers to invest in a movie starring Colin Farrell.

The disgraced banker, who filed for bankruptcy in the U.S. last month, bought shares in a production company which was behind the film “Triage” in which Farrell played a war zone journalist.

It has emerged that Drumm (44) invested over $40,000 in Darkroom Productions Ltd in 2008.

The investment was funded through a loan from Anglo Irish Bank for over $10,000 which was due to be repaid nine months later. However, the former bank chief never paid the money back, despite securing a tax break because of the investment.

A spokesperson for the production company said they had been unaware that Mr Drumm was an investor.

"Hundreds of people can invest in a film. We generally don't know who the people are. They primarily do so to get a tax break," the spokesman said.

“Triage,” with a reported budget of $13 million, never made a huge impact at the box office.