Dáil Éireann Debate, Thursday - 4 July 2013
77. Deputy Pearse Doherty asked the Minister for Finance with regard to the announcement of proceedings by the special liquidator against the former directors of Irish Nationwide Building Society, the position on taking similar civil proceedings against former directors of Anglo Irish Bank who served at executive and non-executive level-up to the collapse of the bank. [32756/13]
View answerAs the Deputy is aware, in March 2012, the then Boards of INBS and IBRC, having considered legal advice, decided in all the circumstances to institute proceedings against former directors of INBS. These proceedings have been continued by the Special Liquidators following their appointment in February 2013. I am advised by the Special Liquidators that similar proceedings have not been taken against the former directors of Anglo Irish Bank but that the position is subject to on-going review by the Special Liquidators.
