Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Corrigan:

Well, again, this was an approach made by the Libyan Investment Authority. The approach, as I recall it, was made in the first instance to Bank of Ireland who then approached us. And, around this time, there were a lot of approaches around different institutions. For example, there was a Malabraca Consortium, which was interested in Bank of Ireland and was also interested in EBS. This was at the early ... relatively early stages of the entry into the programme but before the entrance into the programme. We felt this was an issue worth pursuing.

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