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Committee hears further evidence

by isleofman.com 29th March 2010

The former managing director of failed bank Kaupthing Singer and Friedlander is giving further evidence to the Select Committee of Tynwald looking into the crash, today.

Aidan Doherty, who is working with the liquidators to realise the maximum return for investors who lost money, is before the committee this afternoon.

Appearing alongside Mr Doherty is former Chief Minister Donald Gelling who was a non-executive director of the bank.

The committee, chaired by Rushen MHK Juan Watterson, has already heard evidence from the KSF directors about the events leading up to the crash.

Today it's examining the aftermath, covering issues such as the failed scheme of arrangement and the efforts made to recover the bank's assets.

Representatives of the Financial Supervision Commission, including chief executive John Aspden, are also giving evidence.

The hearing is in public and starts at 2.30pm in the Millenium Room of the legislative building, on Finch Road, Douglas.

Posted by isleofman.com
Monday 29th, March 2010 06:03pm.

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