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NAMA Loans Sale

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (321)

Stephen Donnelly

Question:

321. Deputy Stephen S. Donnelly asked the Minister for Finance further to Parliamentary Question No. 195 of 15 July 2014, as the sole shareholder in Irish Bank Resolution Corporation, which 100% owns Irish Bank Resolution Corporation Assurance Company Limited, whose asset was seized by a company (details supplied), which had bought the loan securing the asset from the special liquidators of IBRC three months previously, the reason he allowed a default on the loan and the asset to be seized; and if he will make a statement on the matter. [34665/14]

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Written answers

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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