Enda Kenny (Mayo, Fine Gael)

Question : To ask the Minister for Finance if he will explain the circumstances surrounding the transfer of €7 billion from Irish Life & Permanent to Anglo Irish Bank; if he will clarify the extent of knowledge of this transaction known to Government when Dáil Éireann decided to nationalise Anglo Irish Bank; if the transfer of the €7 billion involved was deemed to be an inter-bank transfer loan or a deposit by Anglo Irish Bank; his views on whether this amounted to creative accountancy giving a clear misrepresentation of the deposit strength of Anglo Irish Bank; the extent and nature of due diligence carried out in respect of Anglo Irish Bank prior to nationalisation; the person by whom and authority by which such due diligence was carried out; if he will make such reports public; if the PricewaterhouseCoopers report informed the Government of the transfer of €7 billion to Anglo Irish Bank; if Ernst & Young, in respect of its report on Anglo Irish Bank, informed the Government of the extent of this transfer; when the regulator informed him and the Government of this transaction; if the regulator made his views thereon known to him and Government; the reason the Government saw fit not to inform Dáil Éireann of the extent of information available to them in regard to Anglo Irish Bank and its circumstances at the point of decision by the Government to nationalise the bank and introduce the Bill for nationalisation to Dáil Éireann; and if he will make a statement on the matter.

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