Results 12,321-12,340 of 36,274 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Of course, I, I can understand ...I appreciate that. In relation to ... what Senator O'Keeffe was talking about in relation to the delegation to China, which I think was led by the former Taoiseach, Bertie Ahern, if that's correct. You were in attendance there when he met the governor of one of the provinces, is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Who else was in attendance at that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No, no, the reason I'm asking ... the question I'm putting to you directly was, was Des Richardson the, the person who instigated the Galway tent, the major fund-raiser for Fianna Fáil, was he in attendance at that, at that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. Do, what ... can you outline to the committee your relationship with Fianna Fáil's main fund-raiser, or the person behind the Galway tent? As he called it this week, I think it was his baby.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: I think he said it was his baby, this, this week, so can you outline the relationship, did you have a relationship either personal or business relationship-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: With Mr. Richardson.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, and in relation to just political donations, just to make this clear, I think it was asked earlier on but just to focus in on this; in terms of ... outside to the parties, did you provide political donations to individual TDs or Ministers and did you also include their chief fund-raisers in relation to that, to the parties?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No. And did you ever purchase property or were the beneficial owner of property from either Ministers, TDs or ... the chief fund-raiser, in the form of Mr. Richardson?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No. Okay, can I ask you in relation to the ... on page 11, in terms of the debts that you have shown from the institutions, which was based on your 31 March 2009 accounts, which show a total of, it'll come up on the screen, it's on page 11 of your statement ... €2.378 billion of debts to the financial institutions. Can you inform the committee whether that is debts solely to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: But it's within the terms of reference, it's ... would this company ... this company would have had-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. I appreciate that. Okay, but just to clarify, because there have been reports in the paper for ... and this is where I was concerned in relation to your exposure to Bank of Ireland, which seems very low here, but there has been reports that it was actually hundreds of millions in excess of that. But that would be in relation to other companies or other interests that you had?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. Well, can I say in relation to your final ... to your statement at the end, in relation to "... history will show that NAMA was effective in ensuring that monies borrowed were repaid". Is that only in relation to Ballymore that you're talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: No, you're talking about all entities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: And, can we just clarify that you're talking about the loans that were taken out from the financial institutions and not the money that was paid for those loans by NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. And in relation to NAMA, you'll be aware, or you may be aware, that NAMA, and this is from ... the public accounts committee received correspondence back in 2011 from Brendan McDonagh talking about the incentivisation mechanisms, and he talked at that point in 2011 that legally binding agreements had been entered into with nine debtors, under which the proposed incentives are in place....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: It's a document from the PAC but it's a public ... the question I'm putting to him is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, are you familiar with the incentivisation proposal that NAMA has?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay, the reason I asked this question, without ... and I'm not asking you to breach your ... the confidential agreement - and nobody would expect you to do that - with NAMA, but your statement that everything will be paid back that you borrowed, the question that may arise is, if this incentivsation clause is within your contract, then you would actually receive 10% of that money that is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Pearse Doherty: Okay. On page 8 of your statement you contrast the professional business model of Ballymore with that of the 1,000 or so new entrants many of whom, you say, on page 22 of your statement, "had little or no experience in property development". How significant a part did these new entrants play in the creation of the property bubble, in your view?