US court hears former Anglo chief David Drumm engaged in ‘classic fraudulent transfers’
The former chief executive of Anglo Irish Bank was in the stand giving evidence at the US bankruptcy court in downtown Boston.
He underwent a gruelling day of examination from the lawyer of one of the plaintiffs, the state-owned Irish Bank Resolution Corporation — formerly Anglo — which, along with Kathleen Dwyer, the bankruptcy trustee who is a court-appointed officer liquidating Drumm’s estate, is challenging Mr Drumm’s attempt to discharge himself from bankruptcy in the US due to money transfers made to his wife, Lorraine.
