Oireachtas Joint and Select Committees

Thursday, 18 October 2018

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

Sale of Loans to Unregulated Private Investment Funds: Discussion

9:30 am

Mr. Neil McDonnell:

Yes, but it includes the sale of a family home. That is the issue. I gave the committee two examples, the second of which involves Irish Bank Resolution Corporation lending that went to another very well-known fund. It has been paid back in full at the effective cost of the liquidation of the business and the employees within it. There are different ways of looking at this.

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