Results 17,821-17,840 of 35,756 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Is that the final report?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: That is okay. I want to discuss the global restructuring group, GRG. How many of the companies had shadow directors appointed to them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: What was the gross value, roughly, of the accounts transferred to GRG in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: What was the net book value including write-downs attributed to the value on the accounts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: The bank has not disclosed that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Were the GRG managers on a bonus? Was a bonus system in operation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: What role did Mr. Blair have at that time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: At the time when the assets were being transferred to GRG and companies were being put into liquidation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Did GRG operate on a bonus structure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Does Mr. Blair not have the details of how it applied in GRG?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: A number of colleagues were discussing the issue of a subsidiary of the bank, West Register Property Limited. The Chairperson asked some basic questions. I am very frustrated that basic answers could not be given. Mr. Blair seems to have very little knowledge of the operations of West Register. Why is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Could I ask Mr. Blair to clarify this? Is his middle name Cunningham?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Is he a Rathfarnham man?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Is his birthday this month?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: I put it to Mr. Blair that not only should he have a knowledge of West Register but he was a director of two of the companies of West Register and that can be confirmed using an iPad or a phone at this point. Under SoloCheck, Mr. Blair is listed as the director of West Register (Republic of Ireland) Property Limited, and he was also the director of West Register (Northern Ireland) Property...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Could I ask Mr. Blair to respond as I put a direct question to him as to whether he was appointed on 29 June 2009 a director of West Register (Northern Ireland) Property Limited, and was also a director of West Register (Republic of Ireland) Limited?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: So Mr. Blair does accept that he was a director.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Prior to pointing out to Mr. Blair that he was a director of both companies, when I asked him how he had very little knowledge of West Register he said he was not a member of GRG at that time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Pearse Doherty: Which is a factual position, but he did not disclose to me in a truthful, honest and fair way - so many hours into this committee after a number of my colleagues asked the question - that he was a director of those companies, he was not just an employee, for a number of years. There is no reason he would not have a basic knowledge of how West Register operated, given the duties and legal...