Banking Sector

Thursday, 22 June 2017

Questions (68)

Kevin O'Keeffe

Question:

68. Deputy Kevin O'Keeffe asked the Minister for Finance if provision has been made by a bank (details supplied) in its floatation on the market for persons who suffered a combined loss of approximately €0.5 billion in view of the fact that they were misled in making an investment in an investment portfolio; if he will request the bank to allow for this as an unpaid liability and that the attention of potential investors will be drawn to the liability that can occur here; and if he will make a statement on the matter. [29349/17]

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Written answers

Minister for Finance

I am aware of the matters relating to certain property investment funds that the Deputy has raised, which my officials will continue to monitor.

However, as litigation relating to a number of funds, including those identified by the Deputy, are currently before the courts, it would be inappropriate for me to comment at this time.