Oireachtas Joint and Select Committees

Thursday, 14 December 2017

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

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity)
Link to this: Individually | In context | Oireachtas source

The article also states:

Up to the time the decision was made to close it in 2012, AIB Offshore saw itself playing a crucial role in the AIB group by getting business from 'high net worth individuals', the vast bulk of whom would be doing business with the bank for 'tax planning' reasons, the documents show. The resultant deposits could then be used by the group.

Is that an accurate description of how AIB Offshore positioned itself in the overall AIB family?