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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: What specific conditions were used to appoint a receiver?

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

Kieran O'Donnell: To clarify, was the company transferred to the GRG group in 2011?

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

Kieran O'Donnell: A receiver was appointed. Were the loans then sold on to a vulture fund?

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

Kieran O'Donnell: When?

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

Kieran O'Donnell: Is Ms Lavin at liberty to disclose the name of the vulture fund?

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?

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