'AIB must face quiz over €9.5m DJ debt claim'

Minister demands probe into GAA star write-down

- SYLVIA POWNALL

A GOVERNMENT Minister last night called for AIB to appear before the Finance Committee to answer questions on an alleged debt write-down for DJ Carey.

Fine Gael’s Neale Richmond described as “worrying” the scale of the Kilkenny hurling legend’s reported settlement with the bank in 2017.

RTE reported that documents seen by its Prime Time team showed Mr Carey, 52, secured an alleged settlement resulting in a debt of over €9.5 million being written down to €60,000.

The bank had previously secured a High Court judgment for the €9.5million, most of it arising from a €7.85million loan on properties at Mount Juliet and the K Club.

It said the payment represented a settlement of just 0.63% of the original amount owed to AIB bank, which is majority State-owned and was bailed out by taxpayers.