Drumm ‘wrongly portrayed as serial liar’

A bankruptcy court in Boston heard yesterday that David Drumm was the victim of a "witch hunt" and was being wrongly portrayed as "a serial liar".

The case against the former Anglo Irish Bank chief executive’s attempts to be granted a fresh financial start in the US was, according to his attorney David Mack, “long on rhetoric and short on substance”, with plaintiffs trying to convince the judge that Mr Drumm was “controlling information... with his evil black hat on”.

Lawyers representing the disgraced former banker and Irish Bank Resolution Corporation were giving their closing arguments to Judge Frank Bailey at the US Bankruptcy Court in downtown Boston yesterday morning.