Skip to main content

David Drumm's Return


Drumms' luxury US mansion to be sold as wife Lorraine to move back to Ireland


Drumm's luxury US mansion to be sold as wife moves back to Ireland

The wife of David Drumm is to sell their luxury US home and move back to Ireland to support her husband as he faces trial.

Lorraine Drumm is putting the €1.75m mansion on the market and plans to be back in Ireland by the summer, a court has heard.

The home, located in the upmarket Boston suburb of Wellesley, is the only property held by the couple which hasn't been sold off.
A detective sergeant said yesterday that the former Anglo Irish Bank chief executive, who is still involved in bankruptcy proceedings in the US, has debts of €8.5m.
Mr Drumm's solicitor, Michael Staines, disclosed the plans for the sale and Lorraine Drumm's return in court yesterday.
"My client's wife will be coming back to Ireland at the end of June, when the youngest daughter is finished school," he said.
"My instruction is that she is putting the house up for sale and will be coming back."
The move marks a significant change of plan for the couple, who had said during extradition proceedings that they saw their future as being in the US.
They had said that they planned to continue their lives there, having put down firm roots there.
The couple previously owned a €2m mansion in the exclusive Abington development in Malahide, Co Dublin. They also had a shore-side holiday home in Chatham, a village in Cape Cod, Massachusetts. The property was once valued at $4.6m (€4.1m).
But these had to be sold as part of Mr Drumm's bankruptcy, with the proceeds split between the bankruptcy estate and Lorraine Drumm.
Mrs Drumm was not present in court yesterday, but her husband had a large group of supporters sitting in the front row of the public gallery. They included members of his family and that of his wife.
During breaks in proceedings, he was seen blowing kisses in their direction, waving and smiling. The court heard he had not seen his elderly mother Mary in seven years.
His case was called 10th on the list of a busy courtroom number three at the Courts of Criminal Justice. Much of the remaining court business was diverted to other courts in the complex after it became clear that the hearing would take up most of the day due to submissions on bail.
However, the body of the court remained quite full for the duration of the hearing. A large number of gardaí were present, as were officials from the Office of the Director of Corporate Enforcement (ODCE).
The court heard of considerable correspondence between lawyers for Mr Drumm and senior gardaí and ODCE officials in 2009 and 2010 regarding a meeting to discuss the investigation.
However, ultimately Mr Drumm did not agree to attend such a meeting.
Mr Staines said the contact ended around the time that his client filed for bankruptcy.
He said Mr Drumm had been involved in civil litigation with his former employer over debts that he owed. An agreement was reached with Anglo, said Mr Staines.
However, the Finance Minister decided that he couldn't stand over that agreement and as a result Mr Drumm decided to apply for bankruptcy, the solicitor said.
The allegation was not challenged by any representative of the State in court yesterday.
However, previous claims, made during the extradition proceedings, that Mr Drumm's arrest had been timed to coincide with the General Election were rejected by a garda witness.


Comments

Post a Comment

Popular posts from this blog

Secret Uranium site near Kyiv hit by Russian Missile

 A Russian missile has destroyed a depot of depleted uranium near Kyiv! Uranium depot near Kyiv  The Russian armed forces have struck an ammunition depot on the outskirts of Kyiv, in Vishnevoe, where sub-calibre rounds with a depleted uranium-238 core and cluster bombs were stored.  Due to the threat of radioactive contamination, an emergency evacuation of residents in the area has begun, and the entire incident site has been completely cordoned off by the Ukrainian secret services. In other news regarding Ukraine:  Ukraine finally releases geolocations of soldiers in Konstantinvka - but the damage from Russia's claimed capture is already done: Unlike at Pokrovsk, there is no indication yet of a coordinated counterattack to reclaim parts of the city altogether. Furthermore, simply publishing geolocated videos of Ukrainian servicemen at all amounts to an admission that the Russian territorial claims have gained Western credulity which Kyiv must counteract. Another key...
Post a Comment
Read more

The West Fears A Strong United Iran.

 Why Do Millions Unite at Iran’s Supreme Leader Funeral... And Why Does the West Panic? Millions of Iranians attend the Funeral of The Great Ayatollah Ali Khamenei    Look at the huge crowds in Tehran right now. Millions of people marching together, showing real unity after their leader’s death. Is this just a funeral?  No. This is Iran proving it is a real civilisation-state.  Deep history, strong faith, tight families, and national pride. These things hold them together no matter what the outside world throws at them. Why does the West fear this so much?  Because Iran is a living rejection of their globalist plan.  They want to destroy everything solid: open borders that erase countries, broken families, mocked religion, weak nation-states, and confused ideas about gender and truth.  They push this everywhere to control people more easily. But Iran says no.  They hit Iran with attacks and sanctions, yet the people stay united and strong....
Post a Comment
Read more

Where have all the Flowers gone?

As the songs goes; where have all the flowers gone? Well we may be asking that in the near future.   One-third of Ireland’s 99 wild bee and butterfly species are currently threatened with extinction. Driven by human-altered landscapes and intensive land use, this crisis threatens native food production and natural ecosystems. Saving these essential pollinators requires restoring vital habitats across farms, gardens, and public spaces. [ According to the Heritage Council ].    The Root Causes:  The primary driver behind the decline of Ireland's bees and butterflies is habitat loss and starvation. As the landscape has become increasingly urbanized and modernized, insects simply do not have enough flowers to feed on or safe places to nest.  Key factors include: Agricultural Intensification:  The shift toward larger, chemical-reliant fields, the drainage of wet areas, and the removal of traditional, flower-rich hedgerows have decimated natural habitats. Th...
Post a Comment
Read more