Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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One moment please. I do not want Mr. Makhlouf to misunderstand what I am saying to him. The facts are these. They are buying loans for 30% or 40% of the original value but are charging interest on the full amount. The business model is fantastic. One could not make it up.