Wednesday May 27, 2020

Denis, Derek and the €1.7m loan

Funds were repaid to overseas bank account outside the EU by Barclays

17th July, 2016
Denis OBrien Pic: Rex

The country’s richest man, Denis O’Brien, was paid €1.7 million in late 2012 by supporters of the financier Derek Quinlan, who at the time owed hundreds of millions of euro to the National Asset Management Agency (Nama).

O’Brien requested the €1.7 million sum on September 27, 2012 from Quinlan who owed Nama multiple billions at the peak of the financial crisis.

O’Brien was repaid into an overseas bank account outside the EU...

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