DUBLIN • The former chief executive of Anglo Irish Bank was granted bail hours after his extradition from the United States, capping a seven-year legal battle during which he failed to win U.S. bankruptcy protection and evade Irish fraud charges.

A judge rejected assertions from prosecutors, detectives and fraud investigators that David Drumm was likely to flee Ireland if freed. Drumm spent five months in a U.S. jail before his extradition overnight under Irish police guard from Boston to Dublin Airport, where he was arrested at dawn Monday.

Drumm faces up to 10 years in prison if convicted on any of 33 fraud charges connected to the Dublin bank's hiding of massive loans and losses from shareholders that ultimately ruined the bank. He offered no plea in court or during police custody Monday.

Ireland nationalized Anglo in 2009, seized control of its toxic property portfolio and dissolved the bank at an estimated cost of 29 billion euros ($32 billion). That burden overwhelmed Ireland's own financial resources and forced the nation to negotiate a 2010 international bailout.