KPMG was paid €770k in fees after sale of Lough Erne

Auditing firm KPMG was paid fees and expenses of over €770,000 concerning the administration of the five-star Lough Erne resort, new documents show.

The resort, which hosted the G8 summit of world leaders in 2013, was put into administration in 2011 by Bank of Scotland and was sold to a group of US investors headed by financier Michael Saliba, in 2015.

Now, the KPMG administrators, John Hansen and Stuart Irwin in their new report lodged with Companies House in the UK state their fees and expenses total £656,847 (€773,060), including £648,562 in fees and expenses of £8,285.