Monday August 10, 2020

Drumm on brink of $11m deal with IBRC in 2013

Former Anglo chief was set to agree debt but Department of Finance vetoed plan

17th April, 2016
David Drumm

David Drumm had almost reached a 24-page settlement agreement with the state in April 2013 that would have allowed him exit bankruptcy and delivered an additional multimillion return to the taxpayer.

Under the terms of a “global settlement agreement”, Drumm and his wife were prepared to commit to an onerous agreement to repay his $11 million in debt that went beyond what the former Anglo Irish Bank could ever have expected to receive under United States...

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