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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Effectively, the loans were owned by Cerberus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Who were Ms Lavin and Mr. Cullen dealing with in Ireland as the agent for Cerberus?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Okay, in terms of their dealings with Cerberus, what contact have Mr. Cullen and Ms Lavin had from them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Were there no phone calls?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: How severe has that correspondence been?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Sweetheart deals

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Am I correct that within a year of going into the GRG group-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Were they entitled under the terms of the loan to appoint a shadow director?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: How did GRG legally enforce it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Did he attend board meetings?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Did he take control of the cheque book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Okay, within a year, had some €8 million debt been recovered by the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: In the region of €2 million debt was transferred to Cerberus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Why?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Does Ms Lavin expect that Cerberus will appoint a receiver or a liquidator at this point? Are the properties functioning businesses or are they stand-alone empty vacant properties at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: What about the impact on your life and that of Mr. Cullen? I note that Mr. Cullen lost his brother. I presume that the business ran into hard weather from 2008-2009 onwards? Will Ms Lavin describe the effect this experience has had on them in terms of their personal life and that of their employees?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: With due respect, I do not think that Jackie Lavin and Bill Cullen would be regarded as naive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: How long had the business been customers of Ulster Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: That is the bones of nearly 20 years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: The law firm Mason Hayes Curran were appointed by Ulster Bank. Did they interview Ms Lavin?

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