Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Permanent TSB
2:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
With respect, I need to say that Mr. Masding was part of the problem. He was part of the group of people who decided to appeal this to the Supreme Court. He oversaw this institution while this was happening. This did not come to light just last year. People have been bringing this to the attention of the Financial Services Ombudsman but, first and foremost, to the bank because one cannot go to the FSO before one has exhausted the appeal mechanisms within Permanent TSB. They have been doing that for years.
I have a connected question. I believe that €140 million was set aside for the redress scheme. How much of that has been paid out so far and how much is expected to be paid out when the scheme ends?
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