Friday 23 March 2018

Catherine Murphy: I have details on debt write-downs of other IBRC customers

TD Catherine Murphy
TD Catherine Murphy Newsdesk Newsdesk

INDEPENDENT TD Catherine Murphy has revealed that she has details of other IBRC accounts and account holders who may have received significant debt write-downs.

It comes after reports over the weekend that that a combined total of between €1bn and €1.2bn was written off for 40 customers – both businesses and individuals.

Speaking on TV3’s ‘Vincent Browne Show’ last night, Ms Murphy was responding to a question by Fine Gael’s Regina Doherty who asked whether it was “curious” that various ‘whistleblowers’ approaching politicians and media “only have information about Denis O’Brien?”

Ms Murphy said that wasn’t the case, adding: “I have information about other accounts as well”.

However, she declined to go into further detail. “Not here,” she said.

Read more: Claims O'Brien got €315m IBRC loan extension 'wholly inaccurate' - liquidator

Last month, the Independent TD used Dail privilege to reveal details of Mr O’Brien’s personal banking affairs –with the ensuing controversy leading to a full Commission of Inquiry into certain transactions and activities by IBRC (The Irish Bank Resolution Corporation). 

The terms of the commission were published yesterday, with the investigation set to examine all write-offs at IBRC worth over €10m - as well as any special interest rates which resulted in borrowers saving more than €4m.

Read more: Enda insists he's playing ball in the IBRC blame game

The Sinn Fein TD Pearse Doherty yesterday gave details of what he said were documents related to Mr O’Brien's IBRC loans during a Dáil debate.

Mr Doherty  said there are documents relating to other individuals' borrowings from IBRC as part of 30 to 40 pages of documents he received last week – and which he has passed on to the Taoiseach.

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