The State has reportedly begun the process of seeking to extradite David Drumm from the US to face criminal charges here.
It is to be hoped the US authorities will look favourably on the application and that his extradition will be accomplished expeditiously, not only to ensure that justice is done but that it is seen to be done.
It is also hugely important that he face the music here if the Irish banking system is to recover at least some of the credibility it lost during the madness of the Celtic Tiger years.
The former chief executive of Anglo Irish Bank has himself little or no credibility left and has already been severely censured by a US court following his attempt to escape his creditors here by being declared bankrupt in Boston.
In a damning judgment, US bankruptcy judge Frank Bailey described Mr Drumm as “not remotely credible” and accused him of fraudulent conduct as he refused to discharge his debts of over €10m.
In a forensic denunciation of his evidence, the judge found Mr Drumm was “motivated first and foremost” by a desire to shelter his assets from seizure by his creditors.
If extradited, it is likely that he will face criminal charges here. The DPP has directed he be charged with up to 30 offences.
As a key player in our economic collapse, the sooner he appears in an Irish courtroom, the better.
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