Oireachtas Joint and Select Committees

Thursday, 1 December 2016

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

Banking Sector in Ireland: Ulster Bank

9:30 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael)
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I might make some documents available to the witnesses. This committee must consider whether the investment funds, while adhering to the letter of the law, are not adhering to its spirit. The potential for someone's asset along with the borrowing to be packaged without his or her consent if certain circumstances are met has been brought to my attention. It happens to relate to the gentlemen's institution. It is important that they speak to the investment fund in question - Goldman Sachs - using the documentation that I will provide and then inform us of what they have done.

How many projects comprised the €14 billion?