FORMER CHIEF executive of Anglo Irish Bank David Drumm should be charged and his extradition sought from the United States, Fine Gael spokesman on communications and energy Leo Varadkar said yesterday.

In an interview with The Irish Timesin Kenmare, Deputy Varadkar called on the Government to seek the extradition from the US of David Drumm, the former chief executive of Anglo Irish Bank. He said the activities of some bankers was "as serious as subversion".

Mr Drumm has filed for bankruptcy in a Boston court. The implications of the move on the efforts of his former employer to retrieve debts of €8.5 million, are unclear.

Taoiseach Brian Cowen and Minister for Health Mary Harney have called for Mr Drumm to return to Ireland to face his responsibilities.

A hearing in the High Court of Anglo’s case against Mr Drumm has been scheduled for October 26th but the effect of the US move on this has yet to be established. It is unclear if Mr Drumm will return to Ireland to meet investigators pursuing inquiries into a number of matters arising from his role in the bank.

Mr Drumm had made settlement proposals to Anglo but they had not been accepted. Minister for Finance Brian Lenihan had a say in the stance taken by the bank. Anglo was seeking a commitment from Mr Drumm that he would co-operate with the various inquiries into the bank.

After resigning from his position in Anglo in 2008, Mr Drumm bought a home in the Cape Cod area of Massachusetts.

He and his wife also had a home in Malahide, Co Dublin.