Oireachtas Joint and Select Committees

Thursday, 22 March 2018

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

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

To add to everything that Deputy McGrath has said, I think the committee has to reflect on the attitude that AIB has brought to this committee today in terms of denying the undeniable. Deputy McGrath is correct in what he said about news clippings. RTÉ has reported this. The Wall Street Journalhas reported this. Each step along the way of the story has been reported internationally since last November. While we will reflect on the position that we as a committee should take, I urge the bank - its CEO and its board - to consider the approach it has taken to the committee. The bank is accountable to the committee. It should come before the committee and answer questions. I think it is wrong, but I accept that we are not going to get answers today. AIB must rectify the situation immediately. I do not think this is something we as a committee should let go.

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