Gerry Horkan (Fianna Fail) | Oireachtas source

In terms of the global restructuring group, GRG, which we covered quite comprehensively the last time the witnesses came before the committee, there was certainly a contention that it was set up to go into businesses and try to keep them going. Other people have told us this was not the case, and certainly there have been reports on how the GRG operated in the UK, where it was to get into businesses, get the existing owners or managers out and then dispose of the businesses relatively quickly. The suggestion was that the GRG was there to make businesses last with their current ownership and operational structures. It arrived as a white knight, but quite quickly it emerged, certainly in the stories we have been told, that it was not half as helpful as was initially thought, and that ultimately a significant number of GRG customers were forced out of their own businesses. What is the response of the witnesses to this?