€3m loan given to Central Remedial Clinic helped pay ex-CEO’s pension

A €3m loan given to the Central Remedial Clinic (CRC) by its fundraising body that was subsequently written off, partially funded the pension of the clinic’s former chief executive Paul Kiely.
€3m loan given to Central Remedial Clinic helped pay ex-CEO’s pension

It was confirmed yesterday that the body, Friends and Supporters of the CRC, agreed to write off a loan of €3m it advanced three years ago to the CRC to meet its pension liabilities.

The CRC, a Dublin care centre for people and children with disabilities, was engulfed by controversy in late 2013 and early 2014, over pension top up arrangements given to former staff.

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