Why Anglo May Never Recoup Drumm Cash ; Bank Fails to Place Crucial Legal Warning On Ex-Ceo's Eur 2m Mansion [Eire Region]
Mail on Sunday › October 18, 2010
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Summary
DISgRACED Anglo chief David Drumm could get away without giving a cent of the value of his Dublin mansion to cover his EUR 8m debt thanks to an apparent legal mistake by Anglo.
In negotiations with the bank, Drumm had offered half the value of the Malahide 5,200sqft, five-bedroom home, which could still fetch over EUR 2m.See the full content of this document
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Why Anglo May Never Recoup Drumm Cash ; Bank Fails to Place Crucial Legal Warning On Ex-Ceo's Eur 2m Mansion [Eire Region]
He transferred ownership of the home to his wife Lorraine last year, a transaction that Anglo is seeking to reverse.
But while the ban...See the full content of this document
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