Gerry Horkan (Fianna Fail) | Oireachtas source

GRG was portrayed to us as the leftovers of the bad loans that were not performing. It was the stuff Ulster Bank wanted to rid itself of. The committee has had other evidence given to it privately of hotels and other businesses that were performing well in terms of their existing loans and agreements with the banks but ended up in GRG which was then sold on to a vulture fund, following which their relationship was very different from their historic relationship and they could not build or even seek planning permission for extensions and so on, all of this being engineered to get them out and to sell off the property at a quick profit. That has been the experience not only of the witnesses here today but of other people.

Am I correct that Ms Lavin's company had never missed a loan repayment or defaulted on any loan and that GRG just stepped in and did everything it could to make their lives difficult in the hope that eventually the company would crash and burn?