Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Begg:

Well, wait ... no, I'm not sure that it ... I can't quite recall that it was Quinn Insurance, I remember Quinn Insurance money had been pledged to one ... to ... like it had been pledged as the reserve for the insurance company but it had also been pledged to a consortium of banks for ... I can't quite remember whether it was to buy ... my recollection was actually that, that Mr. Quinn had borrowed from Anglo Irish to buy the shares. Now, not necessarily his bank but I can't remember-----

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