David Drumm spends second night in custody in US

David Drumm spends second night in custody in US

Former chief executive of Anglo Irish Bank David Drumm has spent a second night in police custody in Boston after he was arrested by US marshals on Saturday night.

Mr Drumm, 48, who has lived in the United States since 2009, is expected to face an extradition hearing in a Boston court tomorrow in relation to an Irish Government request for him to return to Ireland to face criminal proceedings here.

Along with two others, David Drumm stood down from Anglo after hundreds of millions in directors’ loans were uncovered.

He refused to return to Ireland to be questioned about the events leading to the collapse of the bank, which was later nationalised before being wound up.

Ireland has long sought the extradition of Mr Drumm after he failed to be declared bankrupt in the US.

He moved to Massachusetts in 2009, six months after resigning as chief executive of the now defunct bank.

If he chooses to fight the extradition proceedings, it could extend the process by months.

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