DJ Carey gaa

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

“There is a wider public interest here in how debt write-down works in AIB and indeed across all of the banks,” she said. One committee member, Green Party TD Steven Matthews, said he would be interested in seeing the methodology behind writing down a loan and the process gone through to arrive at a decision. the question really is how the bank could allow such a write-down of millions of euro and at the same time hound ordinary people when it comes to money owed to the bank,” she said. “This write-down is not one that would be on offer to the vast majority of people,” said Mr Tóibín. It’s a very jaw-dropping settlement and certainly yesterday I was contacted by many people who haven’t had access to this kind of settlement. “Even if you take out the individual...

The deal brokered by legendary hurler DJ Carey to write off almost all of a massive €9.5m debt owed to the AIB was 'remarkable', a leading mortgage ...

The debt arose after a €7.85m loan was secured on properties at two of the country's most exclusive golf resorts - Mount Juliet in Mr Carey's native Co. Kilkenny and the K Club in Co. This is a remarkable turn of events.' 'AIB has a very robust process and this settlement with DJ Carey looks unusual. But in 2017 the bank agreed to settle the outstanding debt for €60,000. [Prime Time](https://www.rte.ie/news/2023/0217/1357356-dj-carey-debt/) revealed Mr Carey, 52, owed the majority State-owned AIB €9.5m.

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This is a remarkable turn of events.” “This is not a normal deal,” Mr Hall said. The paper also reports that the Government is expected to alter or end a number of the measures contained in the package announced last September as the energy crisis has eased and concerns grow that a large giveaway in spring could further fuel inflation.

The bank is set to face a Dáil grilling at the Finance Committee into how it wrote off more than 99% of the debt owed by Mr Carey.

This is a very relevant set of circumstances and that has to be looked at.’ ‘It’s a sporting celebrity and a bank that has a sporting ethos and a sporting sponsorship and AIB had a very prominent branch in Kilkenny so there’s a whole host of things that... The 99.37% reduction of Mr Carey’s debt of €9,528,411 was referred to in a settlement document as a ‘compromise’. It’s a very legitimate question because this is an unusual set of circumstances. Mr Hall added: ‘Transparency is needed to restore faith in the system. In one of the longest commercial partnerships in Irish sport, AIB has been a major GAA sponsor since 1991.

Sinn Féin's Pearse Doherty TD is demanding an immediate explanation on why prominent GAA figure DJ Carey was offered a debt write-down of more than 99 ...

“It is time for AIB to come before the Finance Committee and explain itself.” “In the years that followed this sweetheart deal, AIB sold off mortgages to vulture funds without any thought of the consequences for families. Pearse Doherty, the Sinn Féin spokesperson on Finance, has written to the Finance Committee on the matter to request that it invites AIB before it to explain its policy of debt write-downs.