Drumm Heavily Criticised By Judge As Bankruptcy Bid Fails

Former Anglo Irish Bank boss David Drumm has been told by a US court that his bid for bankruptcy has failed.

A judge in Boston said Mr. Drumm had made statements to the court that were "both knowing and fraudulent" and was "not remotely credible".

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The ruling could allow the IBRC to renew its legal action in Ireland over millions in unpaid loans.