David Drumm was accused of engaging in "classic fraudulent transfers" during the first day of his bank-ruptcy trial in Boston yesterday.

The trial of David Drumm, the former chief executive of Anglo Irish Bank, will begin today with the disgraced banker first up to give testimony at a Boston bankruptcy court.

David Drumm’s long and often delayed bankruptcy trial is pencilled in to take place over five days in May.

It was “set in stone”, a date for the bankruptcy trial of former Anglo Irish chief executive David Drumm, more than three years after he first filed for protection from his creditors.

The wife of the former Anglo Irish Bank boss David Drumm has come to a final settlement with her husband’s bankruptcy trustee over the sale of three properties in the US and Ireland.

DAVID DRUMM must face serious accusations that he committed fraud during his bankruptcy proceedings, a court in the US has ruled.

AN action by Anglo Irish Bank against its former chief executive David Drumm over €8 million unpaid loans has been taken out of the Commercial Court list.

THE failed Anglo Irish Bank has claimed its former chief executive David Drumm knew for at least two years that the then chairman Sean FitzPatrick, has been hiding up to €100 million of borrowings from shareholders in an Irish Nationwide account.

FORMER Anglo Irish chief executive David Drumm transferred hundreds of thousands of euro in cash to his wife, just as it became apparent the bank was in trouble.

FORMER Anglo Irish chief executive David Drumm claims he is the victim of a vendetta by Ireland’s top politicians.

AN order restraining the wife of former Anglo Irish Bank CEO David Drumm from certain dealings with the couple’s former family home in Co Dublin has been continued at the Commercial Court for another two weeks.

Anglo Irish Bank is to apply to a Boston court to replace the trustee put in charge of fomer chief executive David Drumm’s worldwide assets.

A HIGH Court judge hopes to give a decision soon on whether to grant an order to assist a US official administering the bankruptcy proceedings of former Anglo Irish Bank chief executive David Drumm.

IT is likely that priests and others in the Boston Archdiocese sexually abused more than 1,000 people over a period of six decades, Massachusetts’ attorney general said yesterday, calling the scandal so massive it “borders on the unbelievable”.