Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Can I ask you specifically, and I know we can't ... we had a discussion about this yesterday in relation to the Dublin 4 hotels site and we are not going to get into the personal information or details of those who were involved. But, yesterday Mr. Boucher, under questioning from Deputy Higgins, said that a letter which he wrote in support of that particular project - a planning letter - in Ballsbridge was one of the most stupid things he had ever done and that's a direct quote. And yet it was Ulster Bank who had famously mostly funded the particular project in question. I'd just like to ask you how you would characterise the decision of Ulster Bank at the time to fund that particular project. It was during your time, I think.

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