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David Drumm outside court in Boston

Former Anglo Irish bank CEO claims he's being persecuted

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David Drumm outside court in Boston

David Drumm, the former chief executive of Anglo Irish Bank, has said the Irish Government is attempting to subject him to trial by media. Mr Drumm owes the Irish bank over $10 million in loans from his tenure.

Drumm, who filed for bankruptcy in Boston last month has said the his former employers are being motivated by the Minister for Finance Brian Lenihan, who wants to subject him to “the spectacle of a public trial”.

Mr Drumm has asked the Boston court to reject or constrain Anglo Irish Bank's application to question him extensively about his debts to the bank.

In his filing Mr Drumm said that since the nationalization of the Irish bank: “Anglo has ceased to manage its affairs as to the debtor in a commercially reasonable manner as a bank, and instead has systematically acted in accordance with the political concerns of Anglo’s current management and of Ireland’s top politicians.

“Several months ago the debtor offered Anglo all his assets, including pension assets, exempt from execution under both Irish and US law, to settle the Irish litigation and repay Anglo’s claims, but Anglo refused so it could proceed with the spectacle of a public trial.”
Mr Drumm believes Anglo “will use whatever information it obtains to either hinder or delay this proceeding or to try its case before the Irish media.”

On the grounds he has outlined he has asked the court to refuse the banks request for questioning or else prohibit the bank from “disclosing information solely for the purpose of harassing the debtor”.

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