Sunday 19 November 2017

Dearbhail McDonald: Complex relationships mean we need more transparency, not less

Dearbhail McDonald Legal Affairs Editor

BACK from bankruptcy, former minister Ivan Yates claimed this week that AIB refused to accept anything except a 100pc repayment of his €3m plus debts.

The broadcaster, in hock to the bailed-out bank after his Celtic bookmakers business went bust, claimed that AIB rejected a 2011 deal that would have yielded it up to 86 cent in the euro on its debts and would have netted it €1m more than it now stands to make.

AIB has insisted that it made efforts to negotiate with Yates.

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