Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene Sheehy:

The case you're referring to was a board decision with a 64 page mark-up accompanied by professional evaluations and net worth statement of €3 billion net of debt. The special place, the name of the individual was irrelevant. It was a financial transaction that was examined forensically as to whether it was a good risk or reward proposition for the bank.

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