Bussiness
Sister-in-law of disgraced Anglo banker David Drumm evicted from €600,000 north Dublin home
![Sister-in-law of disgraced Anglo banker David Drumm evicted from €600,000 north Dublin home Sister-in-law of disgraced Anglo banker David Drumm evicted from €600,000 north Dublin home](https://focus.independent.ie/thumbor/rcJO9rwo31MT6Wr1yLlUHXzZTZk=/0x300:2461x1940/629x0/prod-mh-ireland/696a1a69-cee7-4b0f-b658-d891999b385d/54bbb0a9-b474-4645-8ea0-b836ee69b088/696a1a69-cee7-4b0f-b658-d891999b385d.jpg)
Mother of four Rachel Drumm was given six months in April 2023 to find alternative accommodation for her family after a repossession order
Rachel Drumm, a mother of four who was married to the late Ken Drumm, was given six months in April last year to find alternative accommodation for her family after a judge confirmed the execution of a repossession order.
Dublin Circuit Court was previously told there was a €2m debt on the home in Foxgrove, Skerries, which Ms Drumm had largely attributed to her late husband’s “reckless loans”.
On Thursday morning at about 9am, the Dublin County Sheriff and vehicles connected to the Bailiff Service of Ireland were seen at the house. Ms Drumm was seen removing her belongings before the sheriff’s arrival. It is understood two of her children were also at the property. Sources say Ms Drumm was “visibly upset” leaving the house.
Access to all utilities was cut off and the locks were changed.
The eviction of Ms Drumm’s family brings to an end a lengthy legal battle in which repossession proceedings were initiated in 2013.
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Judge Jacqueline Linnane had granted possession of the property in 2015, with Mars Capital seeking vacant possession last year.
Ms Drumm had opposed the granting of the final execution of Judge Linnane’s order because there had been a fundamental change in her circumstances following the death of her former husband in October 2022.
Ms Drumm, who works as a senior account manager, married Ken Drumm in 1998. The pair separated in 2011.
She claimed in court documents that she had contributed €650 every month towards repayments on her loan between 2019 and 2021, but later found out that her ex-husband had not been forwarding the money to the bank. She said she was left to raise their four children by herself, and if the execution order was granted, they would become homeless.
In a legal filing from 2013, she described him as someone who “exercised a domineering influence” over her, claiming he would not let her deal with the family’s financial affairs, or even utility bills.
She claimed he used his brother’s position as chief executive of Anglo Irish Bank to “recklessly obtain loans or remortgages on our home”.
Ms Drumm said one loan for €520,000 had been obtained without her knowledge or consent. These claims were disputed by Mr Drumm before his death.
Throughout his career, Ken Drumm had interests in the building and hospitality sectors.
In an affidavit produced in court, Ms Drumm said David Drumm was also named on the mortgage, “which I didn’t know at the time, and I now need to understand how his bankruptcy affected this debt and asset”.
David Drumm filed for bankruptcy in Boston in 2010, owing his former employer Anglo – the bank that played a significant role in Ireland’s financial crash in 2008 – more than $11m from loans he had been given.
Drumm was jailed in 2018 in connection with a €7.2bn fraud following a trial that lasted more than 80 days.
He was released after serving two years and eight months in prison.