Thursday April 9, 2020

Drumm creditors target former banker’s $2m estate

14th January, 2015

Creditors of David Drumm, the former Anglo Irish Bank chief executive, are gearing up for a major assault on his assets, which they believe are worth between $1.5 million and $2 million.

The state-owned IBRC is finalising its strategy this weekend on how best to recover the funds from Drumm, with the bank likely to launch parallel court actions in both Dublin and Boston.

The bank is also expected to investigate Drumm’s financial position, including a major...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 3 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 3 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 3 weeks ago