Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Well, it's the process I'm more interested in. I'm not talking about ... but the process, that you have a loan here making up 15% of the entire loan book issued, the land development in 2005, a site with no planning permission. So the question I'm asking, what due diligence process would you have gone through when you're saying it would have been heavy due diligence? How would these two particular issues have got through that due diligence process?

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