Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

To be clear, I did not send it to Mr. O'Keeffe. This is going back a long period. I am unsure whether I even made representations to AIB, though I certainly made them to the vulture fund. The developers themselves engaged extensively. They had an accountant working on their behalf on making proposals and trying to organise a debt settlement through negotiations. My point is AIB would have got 52% of what it was owed at that time. It sold the debt for less than that to a vulture fund and that fund subsequently sold on the property, even though that was something the developers had offered to do themselves. AIB would have been financially better off had it dealt with the three-way partnership from day 1 rather than selling the debt to a vulture fund.