Dáil Éireann Debate, Tuesday - 28 January 2014
228. Deputy Pearse Doherty asked the Minister for Finance with regard to the two missing documents from FOI 176/2013, if any comments were in the comments field or elsewhere on the tracking file system for these two documents; and if so what those comments were. [4318/14]
View answerThe tracking system included the following comments in relation to the letter from Mr Burrows to Noel M Corcoran & Associates dated 28th January 2009:
Letter dated 28/01/2009 received from Richard Burrows, BOI addressed to Noel M Corcoran and Associates, Taxation Consultants and copied to the Minister for Finance- content of his letter as follows:
"Dear Mr Cocoran,
Thank you for your letter of 27 January and for meeting today with our advisor, Tom Godfrey of IBI. As I have explained to you we believe that Bank of Ireland has an independent future and that the best interests of our stockholders lie in the Bank remaining independent and being in a position to make a recovery when market conditions improve over time . In the circumstances we are not contemplating the cession of control to a new investor at this time. It is very clear that your proposal would require an immediate surrender of control to Jupiter together with further dilution as preference convert to equity. Thank you for bringing the proposal to us. We have concluded that there is no point in continuing engagement with Jupiter Group.''
