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Thu 11 Nov 2009Anglo sues former CEO over €8m loans and house transfer
STATE-OWNED Anglo Irish Bank has launched legal proceedings against the bank’s former chief executive David Drumm in an attempt to recover unpaid loans of €8 million and overturn the transfer of a Co Dublin property into his wife’s name.
Anglo lodged legal claims at the Four Courts in Dublin yesterday seeking to recoup the loans and to revoke the transfer of a house on an exclusive estate in Malahide last May from the couple’s joint names into the sole name of his wife, Lorraine.
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