AIB urged to explain 99 per cent debt write-down for DJ Carey

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Ministers and Opposition call on majority State-owned bank to be questioned on ‘jaw-dropping settlement’

Two other members of the committee, Aontú leader Peadar Tóibín and Solidarity TD Mick Barry, have confirmed they will suggest that AIB be invited to the committee.

It came after the bank had secured a High Court judgment for the €9.5 million on May 9th, 2011, most of which arose from a €7.85 million loan to Mr Carey relating to properties in Mount Juliet in Co Kilkenny and the K Club in Co Kildare.

 

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Maybe they thought he was sick with cancer. Even dying. Maybe that's what he told them.

Can’t wait to see how they even attempt to get out of this one. Absolute joke. Shame on AIBIreland

And anyone who lost their pensions and life’s savings paying off this bank in the crash needs compensation. Horrific corruption. Double standards howirelandworks

They might also ask them what was their policy or rationale in respect of changing mortgage account names to include individuals NOT associated with accounts, then removing names, with a nothing to see here explanation ? Well AskAIB ? AIB investigateAIB

AIBIreland are currently sending letters to customers raising interest rates

This has to be madness on behalf of AIB who ever signed of on this should be sacked This is the public’s money they are dealing with

Wasn't he so lucky, he should buy a Lotto ticket. Maybe he could represent the many people who can't get any type of right down from the Banks, he has the 'Mides' touch then, I must get his phone number....😂😂

What a joke this is if anyone owed the a few grand we’d end up behind bars

He deserved it, some Hurler

And they wud hound ya if you were 50 euro behind your mortgage AIBIreland jokes but took the taxpayers money..

Pat Whelan ex Ireland Rugby manager held the record for largest write down until recently!

A lessons will be learnt explanation is what we will get out of this.

Shoulda took up hurling.and went and got a loan of q few million

*99.6%

Easily explained, DJ Carey must be an amazing golfer? Get In AIB! Allied Irish Bast***s

Shocking. How does he get away with this?

Maybe it was kept secret because they all conned Sarah Newman and didn't want her to get wind of it, she should sue them all.

Looking forward to hearing that one!!! 🤔

Absolutely disgraceful what you can get away with if you’re DJ Carey, if you’re just a normal person slaving away trying to pay your bills your put into prison for not paying your TV licence, shame on AIB

AIBIreland

Can’t wait. Is that after selling the properties? Absolutely scandalous.

Carey is merely exploiting the rules based (not law based) control mechanism that AIB operates (on a sliding scale of veracity). It's not Carey or AIB, but the financial system that allows this governance which has brought us to a situation where no graduate can afford a home.

99% write down and still went scrounging for money off every contact in his phone. Allegedly.

“High Court judgment for the €9.5 million on May 9th, 2011, most of which arose from a €7.85 million loan to Mr Carey relating to properties in Mount Juliet in Co Kilkenny and the K Club in Co Kildare.”

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Fine Gael calls for AIB to appear before committee over writedown of DJ Carey debtIt has been reprted that the former hurler and businessman had a debt of over €9.5 million written down to €60,000. Someone's head is going to roll How s this surprising. Irl, d cancerous corrupt vile kip dat it s has always been 1 rule 4 1 but another rule 4 another. It has been since d foundation of d state & continues 2 b. 2 think sum finan. instituts. n this kip chased people 2 their graves over small mortgages etc... I suggest..Extremely Wrong.
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