The Bankers destroyed our economy with the help of the Developers. Billions were wiped yet today I ask why the selective sentencing and the cushy nursing homes called prisons with 9 hole golf course?

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Shamed former Anglo Irish banker David Drumm ‘working in education’ in prison

The multi-billion euro fraudster is still facing a second Christmas behind bars

Shamed former Anglo Irish banker David Drumm is “working in education” and doing all he can to be nice to other lags in his open prison.

But the multi-billion euro fraudster is still facing a second Christmas behind bars, while around a quarter of his fellow prisoners are set for temporary release.

Drumm, who was given a six-year sentence in June last year for conspiracy to defraud, was transferred from Dublin’s Mountjoy Prison to Loughan House in Co Cavan in January.

A source said: “He’s doing everything he can, he’s being nice to the other prisoners, he’s working in education and he’s behaving himself.

“The thing is if you don’t do that you get sent back to the likes of Castlerea or Portlaoise where you’re behind a door for a minimum of 12 hours a day.

Portlaoise Prison (Image: Colin Keegan/Collins)
Castlerea Prison

 “And if you’re in lock-up you’re in the cell for 23 hours a day. You don’t have a phone, you don’t have your own room, you don’t have access to the gym the way you would in Loughan House.

“You don’t have access to education. You get one visit a week in a closed jail whereas you get two or three visits a week, maybe five times a week, in Loughan House.

“The security-end of the environment would be so much less regimental.

“He’s well settled and there’s two reasons for that – first of all because the environment is a bit easier and secondly because he knows the environment he’ll go back to.”

Drumm, prisoner 102640, has a far more relaxed regime at Loughan House where inmates can come and go as they please within the confines of the outer facility walls.

It overlooks a lake and is surrounded by trees and mountain views and inmates can have daily visits from 10.30am to 4.30pm.

Loughan House


Former CEO of Anglo Irish Bank David Drumm (Image: Collins Courts)

The open prison has 150 inmates and up to 40 of those are expected to benefit from temporary release this Christmas.

But it is believed it will be next year at the earliest before the crooked ex-banker is considered for that perk.

Loughan House and similar facilities are often used to prepare inmates for re-entering society.

Drumm, a father of two from Skerries, North Dublin, was found guilty of authorising a €7.2billion conspiracy to defraud and of false accounting at Anglo between March and September 2008.

The taxpayer had to pay more than €30billion to bail out Anglo.

The source added: “People, when they’re in custody, whatever background they’re from, very few would not adapt, especially in a place like Loughan House with the environment the way it is.

“But to describe it as living the life of luxury or soft would be doing a disservice then to all the other lads in there.

 “You know he [Drumm] is still locked up. He has access to more than someone in a closed jail, but he’s only got the same access to everybody else [in Loughan House]. You couldn’t say he’s getting on better or worse than anybody else.”

Drumm conspired with former Irish Life and Permanent chief Denis Casey in a deal to save the bank.

Ex-senior Anglo staff Willie McAteer and John Bowe were also jailed for their role in the scam and spent time in the Co Cavan facility.

Loughan House and similar facilities are often used to prepare inmates for re-entering society and they can take part in prison service classes and workshops.

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