Written answers

Tuesday, 15 July 2014

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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195. To ask the Minister for Finance further to the recent appointment by Beltany Property Finance Limited of receivers to certain unspecified assets of the Irish Bank Resolution Corporation Assurance Company Limited and further to the acquisition by Beltany of loans from the special liquidators of Irish Bank Resolution Corporation in March 2014 if he will outline the circumstances in which this receivership appointment occurred; the reason there was default on a loan by a company in the IBRC group; the asset that is the subject of the receivership; and if any similar appointments of receivers are expected to assets which are currently controlled by the IBRC group; and if he will make a statement on the matter. [31077/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been advised by the Special Liquidators that they will not be commenting on individual cases and that they cannot comment on the assets of Irish Bank Resolution Corporation Assurance Company Limited as this is a separate regulated entity that is outside of the control of the Special Liquidators.

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