Former Anglo Irish Bank chief executive David Drumm has been granted bail after a judge said the prosecution’s concern of him being a flight risk simply does not hold up.
Mr Drumm (49) was extradited from the US overnight and brought before Dublin District Court on Monday morning to face 33 charges, including fraud, forgery, misleading management reporting, unlawful lending, falsifying documents and false accounting, linked to financial transactions prior to the collapse of Anglo. Mr Drumm has denied any wrongdoing.
As part of the bail conditions, judge Michael Walsh ordered Mr Drumm to live at Shenick Avenue in Skerries, Co Dublin and to sign on twice a day at Balbriggan Garda station.
The father of two confirmed to the court that he does not have a US passport and that his Irish passport is being held by gardaí.
Mr Drumm was also asked by the court if he was prepared to promise not to apply for a new passport. “I am of course, your honour,” he told the court.
The judge ordered Mr Drumm not to leave Ireland. The court heard seven relatives were in court who were prepared to sign over their homes as security for Mr Drumm’s bail. The names of four were required by the court.