Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Fintan Drury:

Yes, but what you are omitting to recall in your presentation of what happened around Druids Glen is that I have already told this committee that, No. 1, Brian Cowen was a personal ... is a personal friend of mine. I wanted to help Brian Cowen. I felt I could help him by having a discussion with a number of people who would have insights into the economy. I did not discuss it, whether or not he would do ... be prepared to help with Gary McGann on the basis that Gary McGann was a non-executive director of Anglo Irish Bank. It had nothing to do with it. Gary McGann was chief executive of Smurfit Kappa. That's why I approached him, and he knew Brian Cowen and trusted Brian Cowen, and vice versa. I did not approach Sean FitzPatrick because he was chairman of Anglo Irish Bank; I approached Sean FitzPatrick because he was, even then, Deputy, somebody who was revered as a highly intelligent, highly motivated, and highly successful businessperson who had a wide knowledge of the Irish economy. And I approached ... I didn't approach-----

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