Former Anglo Irish Bank CEO David Drumm, who was seen as a culprit in Ireland's banking crisis, was arrested on Saturday in Massachusetts by U.S. marshals on an extradition warrant, according to the U.S. Attorney's office in the state, Reuters reported on Saturday. Drumm will remain in custody until his hearing in federal court in Boston on Tuesday, said U.S. Attorney's office spokeswoman Christina Sterling. Irish national broadcaster RTE reported in January that Ireland had sent an extradition file to the U.S. government, outlining charges to be prepared against Drumm by the Director of Public Prosecution on up to 30 different offenses. Drumm stepped down from the one-time stock market titan in December 2008, a month before it was nationalized. He filed for bankruptcy in his new home of Boston two years later, owing his former employer more than $11 million from loans he had been given.
