Dáil Éireann Debate, Tuesday - 28 February 2012
166 Deputy Caoimhghín Ó Caoláin asked the Minister for Finance the legal costs incurred by the Irish Bank Resolution Corporation in its pursuit of persons (details supplied) both domestically and internationally; and if he will make a statement on the matter. [11151/12]
View answer167 Deputy Caoimhghín Ó Caoláin asked the Minister for Finance the money returns or asset securement or both that have been accomplished through the legal pursuit by the Irish Bank Resolution Corporation of a person (details supplied), both here in Ireland, North and South, and overseas; and if he will make a statement on the matter. [11152/12]
View answerI propose to take Questions Nos. 166 and 167 together.
As the Deputy is aware the Board of the bank is responsible for the day to day operation of the bank, including the recovery, in normal course, of debt owed to the bank. The Board of the bank is charged with responsibility for recovering the maximum value of the bank's loan book or related security having regard to the best interests of the State and the taxpayer. IBRC has informed me that all information associated with the recovery efforts and related litigation in its dealings with the parties referred to in the Questions and associated individuals and entities are commercially sensitive.
