This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/world-europe-35800561

The article has changed 6 times. There is an RSS feed of changes available.

Version 0 Version 1
David Drumm: Former Anglo Irish Bank CEO returns to face Irish court David Drumm: Former Anglo Irish Bank CEO faces charges in Irish court
(about 3 hours later)
The former boss of Anglo Irish Bank has been arrested after he arrived in Ireland on a flight from Boston. David Drumm, a former boss of the failed Anglo Irish Bank, has been brought before an Irish court after he was extradited from the US.
David Drumm landed in Dublin and was taken from the airport by Irish police. He was arrested in the early hours on Monday after arriving at Dublin Airport on an overnight flight from Boston.
Gardaí said he would be brought to a police station where a total of 33 charges will be put to him. Mr Drumm, who resigned in December 2008 as the bank was collapsing, faces a number of fraud offences.
He will then be taken to Dublin District Court. It is understood he can apply for bail and, if refused, he can appeal that to the High Court. They include falsifying accounts in relation to bank transactions totalling more than 7bn euros (£5.4bn).
Irish police (Gardaí) accompanied the former chief executive on the transatlantic flight and shortly after landing he was brought to a Dublin police station, and then escorted on to Dublin District Court.
The court heard Mr Drumm made no reply when a police officer put the first two charges to him at the station.
Police objected to bail, claiming the accused is a potential flight risk.
Mr Drumm moved to the US in 2009, the same year Anglo Irish collapsed and was bailed out by Irish taxpayers.Mr Drumm moved to the US in 2009, the same year Anglo Irish collapsed and was bailed out by Irish taxpayers.
He ran Anglo Irish Bank from 2005 to 2008 and subsequently filed for bankruptcy in the US.He ran Anglo Irish Bank from 2005 to 2008 and subsequently filed for bankruptcy in the US.
However, the bankruptcy bid failed and a Boston court ruled that he could be held liable for debts of 10.5m euros (£8.34m).However, the bankruptcy bid failed and a Boston court ruled that he could be held liable for debts of 10.5m euros (£8.34m).
It was alleged during the case that the 48-year-old former bank boss secretly transferred money and assets to his wife, so they could not be seized during bankruptcy proceedings. It was alleged during the bankruptcy case that the 48-year-old former bank boss secretly transferred money and assets to his wife, so they could not be seized during bankruptcy proceedings.
Ireland issued an extradition request last year. He was arrested in America in October. Authorities in the Republic of Ireland issued an extradition request last year and was he arrested at his American home in October.
At a hearing in Boston last month, he agreed to return to Ireland as soon as possible. At a hearing in Boston last month, Mr Drumm agreed to return to the Republic of Ireland as soon as possible.
Bailing out the bank cost Irish taxpayers around 30 bn euros (£22bn: $34bn), close to one-fifth of annual output.Bailing out the bank cost Irish taxpayers around 30 bn euros (£22bn: $34bn), close to one-fifth of annual output.
Its downfall played a large role in the collapse of the Irish economy in 2008 and the ensuing bailout from its eurozone partners two years later.Its downfall played a large role in the collapse of the Irish economy in 2008 and the ensuing bailout from its eurozone partners two years later.