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Bertie Ahern got £19k AIB loan
Read more about: Tribunals
Bertie Ahern received an unsecured loan for £19,000 from AIB, which also had no repayment schedule, in December of 1993 which was to be used for expenses accrued during his marital separation.
According to former assistant manager Philip Murphy the original loan application cannot be found, there was no letter of sanction, no agreed repayment schedule and no security given on the loan.
Apparently Murphy (and AIB?) were unaware of the £50,000 Ahern is said to have had saved up at the time.
Im not sure who comes out of this worse. One is taking unsecured loans at a time when he has 50,000 savings. The other is giving loans/money to politicians in positions of power (Bertie aint the first now is he?).
So, when did Bertie pay back this loan?
I am not sure he did Niall and this will make the testimony he is due to make in a few weeks all the more interesting. As Gavin points out, the rapidity with which he got a huge volume of money is very odd and deserves to be investigated fully, but the more they untangle the messier it gets.
Bertie is slowly losing his credibility in a tangle of innuendo and his newfound attitude issues.
He had it paid back by the end of 95. That is within 2 years. And that’s on a salary of less than 40k a year.