Gormley claims banks told ‘blatant lies’

BANKS told “blatant lies” about the state of their finances, according to the Green Party leader Minister John Gormley.

He was speaking after NAMA chief executive Brendan McDonagh was accused of performing a major U-turn by saying there is no evidence banks behaved criminally in their dealings with the agency.

The chairman of the Dáil Public Accounts Committee (PAC) Fine Gael TD Bernard Allen, said this was very different to what Mr McDonagh had indicated in a recent committee hearing when he said he agreed with suggestions that banks had provided misleading information.