Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

In that regard, Mr. Quinlan, in regard to how it worked with developers and, you know, taking risks and speculation, in The Irish Timesin 2004 there was a prominent article in relation to what was, in those circles, a rather famed deal that Quinlan Private organised, which was the sale of 11 acres which you purchased in 2000 for €32 million and sold, four years later, for €85 million, which was a speculative gain of €53 million and all that happened was you got planning permission for it. Do you think that that is morally in the interest of society, that that type of gain could be made on land speculation?

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