David Drumm's wife to give evidence at bankruptcy hearing next week

David Drumm's wife is to give evidence at her husband's bankruptcy hearing in the US.

Lorraine Drumm will take to the stand early next week.

Yesterday the former Anglo chief executive told a Boston court that he transferred money to his wife to repay a debt, during a tough time in their marriage.

David Drumm's own testimony ended yesterday, though the case will run for up to four more days and he could be recalled.

The court is considering claims by IBRC's lawyer, and the court-appointed bankruptcy trustee that the former Anglo chief executive fraudulently transferred funds to avoid paying creditors.

Yesterday Drumm told a Boston court that he transferred money to his wife to repay a debt, during a tough time in their marriage.

Mr Drumm's bankruptcy lawyer will be called as a witness today, as will the banking trustee.

Washington Correspondent with the Irish Times Simon Carswell, who is following the hearing in Boston, said: "There was a lot of discussion yesterday about the interaction Mr Drumm had with his bankruptcy lawyer, Stuart Grossman who works in Boston and also another firm of accountants that he had worked with.

"We've yet to hear from them. Stuart Grossman is going to be called as a witness today."

  • Click to stay connected with more stories like this
  • Sign up here to receive news by email. Once per day, no spam.

Most Read in Ireland