AIB to be grilled on process of debt write-off policies in wake of DJ Carey deal

Hurling legend DJ Carey had his €9.5m debt written down to €60,000. File picture: Brendan Moran/Sportsfile 

The Oireachtas Finance Committee will formally agree on Tuesday to invite AIB to explain its debt write-off policies after details emerged of a deal that let hurling legend DJ Carey escape 99.4% of his €9.5m debts. 

Committee chair John McGuinness has confirmed members will formally invite AIB to appear before TDs and senators to discuss general issues around debt write-downs and the formula the bank applies to each case.