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

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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