Drumm ‘hid US assets’ while urging Anglo to seek funds

David Drumm cemented efforts to hide a multimillion-dollar American investment property from Anglo Irish Bank within hours of his explosive comments caught on tape urging other executives to “get the money in”.

Legal declarations at the registry of deeds in Cape Cod seen by the Irish Examiner show he privately moved to transfer the $2.6m (€2m) asset before and after he laid out his strategy for duping the State and exploiting its guarantee.

On Oct 2, 2008, he made a boorish, post-bank guarantee phonecall telling officials to target overseas deposits. German chancellor Angela Merkel has said the call was contemptible.