Minister for Small Business John Perry has confirmed that he has reached an agreement with Danske Bank over an unpaid €2.47 million bank debt.
Danske secured judgment against Mr Perry and his wife Marie for €2.47 million in the Commercial Court in July.
The details of the agreement between Mr. Perry and his wife and the Bank are confidential.
In a statement this evening, Mr Perry confirmed that all his tax affairs have been and remain up to date.
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The Minister said he would make no further comment on the matter.