Treasury Holdings wound up, what cost to citizens?

Slideshowbob

http://www.rte.ie/news/2012/1009/joint-liquidators-appointed-to-treasury-business.html.

So they owe NAMA 1.7bn euro.

And the banks a large amount too.

With assets worth less.

The taxpayer will pick up the tab, I wonder how much it works out per person?

dsmythy

See how much money can be raised by the liquidator and then we'll see.

Brussels Sprout

Well the upside is that hopefully now Independent News & Media will stop trying to convince the country that Johnny Ronan is some kind of benevolent business genius.

MadsL

Maybe prices will drop at the National Convention Centre now that TH are out of the way. I'd reckon the OPW will do a better job.

How much were TH being paid to run it? Anyone know?

frankosw

Three replies to an hours-old thread concerning a corrupt private sector business and its cost to the taxpayer.

If this thread was about Croke Park or something similar there would be huindreds of baying replies generalising,inventing figures and calling for the salaries of everybody concerned to be slashed.

Typical.

mariaalice

frankosw wrote: »

Three replies to an hours-old thread concerning a corrupt private sector business and its cost to the taxpayer.

If this thread was about Croke Park or something similar there would be huindreds of baying replies generalising,inventing figures and calling for the salaries of everybody concerned to be slashed.

Typical.

How were they corrupt.

Sleepy

MadsL wrote: »

How much were TH being paid to run it? Anyone know?

Since the place is/was losing money on every delegate, one can only assume that however much it was, it was excessive...

Head The Wall

If the govt is going running it I wouldn't expect that to change

Farmer Pudsey

Is treasury holdings the owners of Topaz

Slideshowbob

So now Johnny Ronan has this in the pipeline:

http://www.irishtimes.com/news/environment/dublin-s-tallest-building-planned-by-johnny-ronan-1.3069078

Would anyone happen to know if the DOCE ever adjudicated on previous activities? Or does it matter at all in Ireland?

http://www.independent.ie/business/irish/directors-of-treasury-may-face-criminal-prosecution-28891599.html

FreudianSlippers

frankosw wrote: »

Three replies to an hours-old thread concerning a corrupt private sector business and its cost to the taxpayer.

If this thread was about Croke Park or something similar there would be huindreds of baying replies generalising,inventing figures and calling for the salaries of everybody concerned to be slashed.

Typical.

You got the only legitimate answer in the second post... what more do you want?