RSS Feed
April 15th, 2012 
FAKE NEWS for the Zionist agenda Bilderberger Denis O’Brien is listed as owing Anglo Irish Bank €833.8m on foot of personal and corporate loans
Revealed: top 13 borrowers who owe Anglo
Denis O’Brien at the World Economic Forum in Davos
By Tom Lyons
Irish Independent
Sunday April 15 2012
Information obtained by the Sunday Independent has revealed for the first time the top 13 borrowers of the former Anglo Irish Bank, which is now called IBRC.
The 13, which include developers such as Joe O’Reilly and Bernard McNamara, owed a total of €13.9bn in March 2009, according to a government review by accountants PWC, which was completed around May of that year.
PWC told the Government that the bank’s top borrowers would only cost the State €629m and that the bank was “not unreasonable” in its prediction in March 2009 that losses on the entire loan book would only be €4bn.
This figure has since ballooned to between €25bn and €30bn demonstrating how badly the property crash caught out the then government and its many advisers.
IBRC’s biggest individual borrower by a long stretch is the family of Sean Quinn, which then owed the State €2.2bn, and they are joined on the list by a number of Ireland’s best-known property developers.
Denis O’Brien, the telecoms entrepreneur, is listed as owing Anglo Irish Bank €833.8m on foot of personal and corporate loans just after the bank was nationalised in 2009, making him its then sixth largest borrower.
Read more: Revealed: top 13 borrowers who owe Anglo
Related posts:
Views: 0
Posted in 
Tags: 
