Oireachtas Joint and Select Committees
Wednesday, 10 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Quinn Insurance and Insurance Compensation Fund: Discussion
4:20 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
I welcome the delegations. I refer to the accounts and the financial operation position upon appointment. It states, "The surplus was after the Quinn family had extracted approximately €200 million over the previous two years by gift". Is that from the QIL group? How was that reflected in the accounts? Was it as a director's loan or inter-company loans? What was the money used for? It seems an extraordinary amount, equating to €100 million per year.
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