Former Anglo Irish Bank Chair believes Drumm should be prosecuted

anglo irish

The Public Expenditure Minister says the Banking Inquiry is now "imminent".

It comes after former Anglo directors Willie McAteer and Pat Whelan learned yesterday that they're unlikely to face jail for issuing illegal loans to the "Maple Ten" customers to buy shares in the bank.

Willie McAteer and Pat Whelan have been remanded on bail until July 31st when probation reports will determine if they are suitable for community service

Meanwhile, A former chairman of Anglo Irish Bank believes there are grounds to prosecute the bank's former chief executive David Drumm.

Alan Dukes says Mr Drumm - who's currently in the US - could face prosecution on the same basis on which Willie Mc Ateer and Pat Whelan were pursued.............