It has emerged that properties used as security for borrowings from AIB of €7.85m by former Kilkenny hurler DJ Carey were sold by the bank in 2014 and 2015, realising €1.52m for the bank
A further property for which AIB had loaned €1.5m, and for which Mr Carey had signed a personal guarantee, was sold by the bank for €285,000 in 2014.
Last week, Prime Time reported on the settlement document which suggested that Mr Carey secured a 99.4% reduction on a debt of €9.5m to AIB. In Mr Carey's debt settlement document titled 'Compromise of certain liabilities you have to AIB Mortgage Bank', Mr Carey agreed to pay AIB €60,000"in full and final satisfaction" of the debt owed. That €60,000 figure was less than 1% of the outstanding balance.
It is not clear from the documents obtained by Prime Time when the payment was made, but 12 months later the bank wrote to Mr Carey to acknowledge that it had received the money.
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