Bail application expected to be rubberstamped for former Anglo CEO today

Former CEO of Anglo Irish Bank David Drumm is due back in court this morning where his bail application is expected to be rubberstamped. Gavel 4 He was extradited back from the US yesterday to face allegations of financial wrongdoing during. Despite being granted bail following a lengthy court hearing yesterday, David Drumm spent the night in a Dublin prison cell. His bail was set at €150,000. He is required to lodge a third of that in cash, and the remaining  €100,000 is to be provided by an independent surety, who has agreed to lodge €50,000 and freeze another €50,000 in his bank account. Once the court is satisfied that has been done, Mr. Drumm will be free to leave on bail on condition he lives at an address in Skerries, Co. Dublin and signs on twice daily at his local Garda station. He has already surrendered his passport. Just over an hour after touching down on Irish soil yesterday, the former CEO of Anglo was charged with 33 offences, including forgery, false accounting and conspiracy to defraud. The DPP has already directed trial before judge and jury.