Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
It was ... this was during the terms of reference of the banking inquiry. They were providing bonuses after the guarantee, which was prohibited under the terms of the guarantee, to its staff - there was a special report done by the Department of Finance that was commissioned by the Department of Finance - which totalled €66 million. They showed that bonuses were being paid out or to be paid out and Bank of Ireland was fined €2 million as a result of this in terms of, I believe, misleading information to the Department of Finance. The Dáil record had to be ... had to be corrected because misleading information was given to the Minister of Finance at a prior occasion. As a director of that bank, were you ... as a public interest director of the bank, when did you become aware of such an event that were in breach of the guarantee?
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