Stephen Donnelly (Wicklow, Independent)
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53. To ask the Minister for Finance if he is satisfied that the former Anglo Irish Bank accurately reported in its annual reports lending to companies in which senior executives at Anglo held shares; if his attention has been drawn to instances in which reporting of lending by Anglo to companies in which its senior executives held shares was not disclosed in annual reports when it should have been; if he has any concerns in this area; and if he will make a statement on the matter. [40516/14]

Michael Noonan (Limerick City, Fine Gael)
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Officials at the Department of Finance have raised this question with the Special Liquidators of IBRC who are in the process of compiling a response which I will forward to the Deputy at the earliest opportunity.

While I await the response of the Special Liquidators I would caution that there are a number of on-going Garda and regulatory investigations, including an investigation by the Chartered Accountants Regulatory Board, into issues at Anglo Irish Bank. Given that the proper disclosure of related party transactions are a matter for the Board and management of the company concerned it would be completely inappropriate for the Department of Finance to make any comment which may risk compromising the outcome of those investigations.