Former Anglo Irish Bank chief executive David Drumm has been denied a write-off of more than €10 million in debts after a US judge found him “not remotely credible” and his conduct “both knowing and fraudulent” in statements he made to an American bankruptcy court.
In a damning judgment of the former banker that strips him of a chance for a clean financial start, US Bankruptcy Judge Frank Bailey found that statements made by Mr Drumm (48) were “replete with knowingly false statements, failures to disclose, efforts to misdirect, and outright lies.”
“Such conduct disqualifies a debtor from the privilege of a discharge in our system of bankruptcy,” said the judge in a ruling issued in Boston.
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