Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. Thank you. I just want to go back to the recapitalisation, if I may, for a moment. And in your opening statement, you go through the different recapitalisations but you talk about, in 2009, this ... a further €1 billion in share capital in Anglo and that, "These investments were made in cash drawn from the exchequer and the NTMA was not involved in the execution of the transactions." So why was this one done? Why was it done without your involvement? Why was the cash drawn from the Exchequer and not what had been happening beforehand, which was preference shares or share capital?

Comments

No comments

Log in or join to post a public comment.