Oireachtas Joint and Select Committees
Thursday, 12 December 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed)
12:20 pm
Mr. Paul Maloney:
No, because it had financed some of the biggest deals. When I mentioned the price in Ballsbridge of €50 million an acre, of course, it had financed the purchase of the Berkeley hotels, so they were in the big game of financing big deals.
What I understood, however, was this mitigation by Anglo to AIB, in other words, it had franchised out 50% of the lending to AIB.
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