Monday, March 14, 2016

Former Anglo Irish Bank CEO David Drumm has arrived back in Ireland.

Update: 9am At around 8.20am this morning Mr Drumm left Ballymun Garda Station under garda escort, and he will appear before Dublin District Court this morning at 10.30am.

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Earlier: His Aer Lingus flight from Boston landed at 5.14am, and Mr Drumm was met at Dublin Airport by Gardaí.

He was escorted off the land bridge after leaving the plane and was driven away in a grey coloured car with blacked out windows.

He has been brought to Bridewell Garda Station and is due to be charged with 33 criminal offences at Dublin District Court this morning.

David Drumm stepped down as CEO of Anglo Irish Bank in December 2008 and moved to Boston with his family a few months later.

Just over a year ago, the Director of Public Prosecutions informed the US Department of Justice of her intention to charge him with over 30 offences following investigations by the Garda Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement.

They relate to the Maple 10 transactions, during which money was loaned to individuals to buy shares in the bank.

They include charges of forgery, conspiracy to defraud and false accounting and are alleged to have taken place in the final years of his time as head of the former bank.

Once he is formally charged, he will be brought before Dublin District Court.

He may apply for bail when that happens, and a full hearing will have to take place if there are any Garda objections to it.

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