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Cowen had private meeting with Anglo directors weeks before bank guarantee – Ó Caoláin

3 September, 2015 - by Caoimhghín Ó Caoláin TD


Caoimhghín Ó Caoláin TD has said that the former Taoiseach Brian Cowen has serious questions to answer in the light of evidence given today at the banking inquiry regarding the now infamous Druids Glen meeting of 2008.

Deputy Ó Caoláin said:

“We heard today from former Anglo director Gary McGann that a meeting took place on the morning of the Druids Glen golf trip in the private home of Fintan Drury – one that involved, among others, Fintan Drury, Gary McGann, and then Taoiseach Brian Cowen. This is the first time we have been informed of this meeting – despite almost twenty hours of testimony from Brian Cowen and almost four hours from Fintan Drury.

“When Mr. Cowen was before the committee, he said that the Druids Glen meeting was an innocent affair and that ‘it was out in the open in a foyer of a Druids Glen golf club in full public view’.

“Now we know that there was a private meeting involving senior and former directors of Anglo Irish Bank and the Taoiseach taking place in the house of a former director of Anglo, well away from public gaze.

“There is a widespread belief that the story of the bank guarantee cannot be separated from the close personal, political and business relationships that were, and arguably still are, the preserve of the favoured few.  The drip-feed of information relating to the Druids Glen meetings does nothing to counter this belief.

“It’s time for the former leader of Fianna Fáil to come clean and tell the Irish people why he was meeting Anglo directors in the private home of a former Anglo director weeks before the granting of an almost blanket guarantee to Anglo Irish Bank – a guarantee that has cost the Irish people billions to date.” 

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