Drumm trial to begin today

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.

The 47-year-old Dubliner filed for bankruptcy in Massachusetts in October 2010 and is set to face questioning about a number of alleged instances of fraud.

The IBRC — formerly Anglo — and Kathleen Dwyer, the bankruptcy trustee who is a court-appointed officer liquidating Mr Drumm’s estate, are both challenging his attempt to discharge himself from bankruptcy in the US due to money transfers made to his wife.