Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Mr. Walsh, just on another issue, towards the end of 2009, according to Mr. Stanley Purcell, who comes later in the afternoon, Ernst and Young began an investigation into legacy issues at INBS. I am quoting from his statement:
I gave [Ernst and Young] every assistance. The investigation ultimately led to the initiation of legal proceedings against the 'old Board' for the losses of the society [...] proceedings represented an attempt by IBRC to make the directors personally liable for the losses of the society. [And] A central plank of the claim was the allegation by the Plaintiffs that the delegation of powers by the Board of the Society to Michael Fingleton was excessive.
Were you involved in this, in these proceedings?
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