Anglo Irish Bank may recover just a quarter of the €8.4 million owned to the bank by its former chief executive David Drumm, following Drumm’s decision to file for bankruptcy in the US last week.
Drumm’s legal team expect that his creditors, including the state owned lender, are likely to realise between 25 per cent and 30 per cent of every euro owed as a result of the bankruptcy proceedings.
Drumm made the...
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