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
Gerry Horkan (Fianna Fail) | Oireachtas source
Initially he was coming in to get the company through the 2008 and 2009 period. There had been a massive downturn in car sales and I presume the company had large enough overheads, with many obligations and staff. The cash was not coming in. Was the company in a position at that point where repayments that would have been falling due could not be met? Was that the way the bank manoeuvred him?
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