Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Can I ask you about the appropriateness of the transfer in August 2012 of €1.1 billion from the company's balance sheet into your pension fund. The pension fund at the time had a deficit of almost €1.5 billion.

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