I'll fight fraud charges in Ireland: David Drumm
The former chief executive of Anglo Irish Bank has dropped his fight against extradition from the US and agreed to return to Ireland to face fraud charges.
Investigators have accused David Drumm of conspiring to conceal massive losses from shareholders.
He left Ireland after the bank collapsed and moved in 2009 to the Boston suburb of Wellesley, where he was arrested in October, and has been in jail since.
A March 1 extradition hearing had been scheduled, but during a hearing in federal court, Mr Drumm waived his right to an extradition hearing.
In an affidavit filed with the court he said he would continue to contest criminal charges in the Irish courts.
He faces 33 charges in relation to transactions carried out during his time at Anglo Irish Bank in 2008, including allegations of false accounting and forgery.
It was not immediately clear when Mr Drumm, 49, will be returned to Ireland.
His family was not present in court. His lawyer, Daniel Fetterman, told the court that Mr Drumm and his wife and two children had begun the process of applying for a green card.
