AIB faces grilling over 'jaw-dropping' DJ Carey settlement

Former Kilkenny manager DJ Carey during the  Wexford v Kilkenny hurling championship final in 2019. The agreement struck between Mr Carey and AIB meant he had to pay just 0.63% of the original amount owed to the bank, which was referred to in a settlement document as a “compromise”. Picture: Bryan Keane/INPHO

AIB is set to be hauled before the Oireachtas finance committee over a “jaw-dropping” settlement it made with former GAA star DJ Carey, which saw more than 99% of his multi-million-euro debt written off.

The majority State-owned bank agreed it would write down over €9.5m in debt owed by the former Kilkenny hurler to €60,000 in 2017.