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Midlands TD Rails Against DJ Carey Write-Down

Wednesday, 22 February 2023 06:52

The bank has reportedly defended the write down in a circular to staff.

A midlands TD says we need a banking system that's fair and reasonable to individuals who are in mortgage distress.

Aontú leader and Meath West Deputy Peadar Tóbín, raised the issue in the Dáil following reports about a debt write-down involving former hurling star, DJ Carey. 

The figures are said to run into millions of euros.

The bank has reportedly defended the write down in a circular to staff.

The Taoiseach, Leo Varadkar, says the wider-policy approach that banks follow in writing-down debt could be explored by the Dáil Finance Committee:

Bosses at AIB Bank are to be called-in to the Finance Committee to face questions on debt write-downs.

It follows reports that former hurling star, DJ Carey, had a loan running into millions of euros written-down by 99 per cent. 

AIB's Chief Executive told staff yesterday that all of the facts of the case were not yet in the public domain. 

Subsequent reports now suggest the bank also recovered and sold a number of properties. 

In the Dáil, the Taoiseach said he was reluctant to talk about any individuals personal finances.

Deputy Tóbín, who said it would be difficult for many to see if others were treated differently by the banks:

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