Oireachtas Joint and Select Committees

Thursday, 26 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business and Banking: Discussion.

10:00 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

I thank the delegations for their comprehensive presentations and particularly Ms Lavin for her personal story of how such a successful business was treated by Ulster Bank during the downturn and subsequently. If the story was on television or a movie, one would wonder how it could happen. It would be a film many people would like to watch. Unfortunately, it was very harrowing for Ms Lavin. I accept that Ms Lavin and her partner were both very accomplished business people and very involved over many years but I presume this was something they never expected to happen. They were flying high, had plenty of business and were on television. Did the shadow director indicate the company was in receivership immediately or did he arrive way before the receivership was even contemplated, walking into the building and saying he was in charge?

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