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| David Drumm: Former Anglo Irish Bank CEO faces charges in Irish court | David Drumm: Former Anglo Irish Bank CEO faces charges in Irish court |
| (35 minutes later) | |
| 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, a former boss of the failed Anglo Irish Bank, has been brought before an Irish court after he was extradited from the US. |
| He was arrested in the early hours of Monday after arriving at Dublin Airport on an overnight flight from Boston. | |
| Mr Drumm, who resigned in December 2008 as the bank was collapsing, faces a total of 33 charges including fraud. | |
| He is charged with 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. | 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. | 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. | 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 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. | 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. |
| Authorities in the Republic of Ireland issued an extradition request last year and he was arrested at his American home in October. | |
| At a hearing in Boston last month, Mr Drumm agreed to return to the Republic of 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 about 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. |