David Drumm, the former head of Anglo Irish Bank, was arrested at his Wellesley home this past weekend at the request of Irish authorities who want to extradite him to face more than two dozen criminal charges overseas related to that bank’s messy demise.
Drumm has been living in Wellesley for the past 6 years, much to the chagrin of Irish financial regulators who accuse him of all sorts of shenanigans that allegedly went down with Anglo Irish Bank, eventually leading the Irish government to prop it up during that country’s banking crisis earlier in the 2000s.
Drumm appeared in federal court in Boston this week and has a bail hearing slated for Friday.
According to a Boston Globe report:
His lawyer, Tracy Miner, said she plans to ask that Drumm be released on bail. She also complained about Drumm being picked up on a holiday weekend.
“I think it was unfair that he had to sit in a cell in the Wellesley Police Department that did not even have a bed, for three days,’’ Miner said in an e-mail. Drumm is expected to be moved to another facility, she said.
No doubt it won’t stack up well against Drumm’s Cliff Estates home, which the Irish press was all over back in 2010 when it was revealed that Drumm was claiming financial hardship even as he was spending oodles to gussy up his mansion. The Irish press showed up in Boston in droves to cover the latest Drumm details this week, and the story has been grabbing big headlines, including in The Irish Times, which includes a timeline recounting Drumm’s story.
