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Irish banker at center of scandal arrested in Massachusetts

BOSTON >> A man at the center of an Irish banking scandal has been arrested in Massachusetts.

The U.S. Marshals Service and the U.S. attorney’s office say federal agents arrested former Irish banking executive David Drumm on Saturday on an extradition warrant. They didn’t specify where Drumm was arrested or what charges he faces.

He is scheduled to appear Tuesday in federal court in Boston.

The 48-year-old Drumm was once one of Ireland’s most powerful and wealthy bankers. He was chief executive of the Anglo Irish Bank in September 2008 when its finances unraveled in the global financial meltdown. He left his post that year after disclosures that the bank’s chairman, Sean FitzPatrick, had received $115 million in hidden loans from the bank.

Drumm fled to the Boston area in 2009 amid inquiries from Irish authorities. He later filed for bankruptcy.

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