Drumm faces Anglo Irish legal claim over €8m loans

ANGLO Irish Bank has launched legal proceedings against their former chief executive David Drumm which relates to €8 million worth of loans made to him by the bank.

It has been suggested action relates primarily to the transfer of property from the joint names of Mr Drumm and his wife, Lorraine, into Mrs Drumm’s name alone.

While a spokesperson for Anglo was refusing to comment yesterday evening, it is understood legal documents have been formally lodged with the High Court.