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Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Did the two final bidders see the entire documentation?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Did Mr. Cushnahan see the documentation?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: He was involved with Tughans.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: I ask Mr. McDonagh to clarify the €50 million agreed in fees. What was the split?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: What is the story on that at the moment?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Was it not surprising, then, that NAMA was notified about Mr. Cushnahan's involvement from one of the builders? Being a vulture capitalist group, they would be well aware of the risk involved. Was it not a case of taking themselves out of the sale?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Would Mr. McDonagh not agree that the potential purchaser would be aware of that as well?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Is Mr. Daly not surprised at the nature of the sale? What was the advantage to them in telling NAMA that?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: In the case of these venture capitalist companies, is there not a great deal of what I will not call insider dealing but I will call co-operation? They know exactly what is going on.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Let us consider the portfolio of properties, the types of loan and the likes of securities. Let us consider the Northern Ireland market vis-à-visthe market in Ireland, the level of foreign direct investment and the potential for retail. Much of it is retail-based here and in Northern Ireland. There are hotels as well. In 2014 there was an uptake in that market and in leisure...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Perry: Is there a profile of the properties involved? Mr. Daly has referred to due diligence. It seems to be a caveat term that covers everything when it is in storage. Is there a view of the type of property at issue? Are they hotels or properties? Where are these properties? It is something of a myth if we are talking about a portfolio of properties. Are they in Belfast or Enniskillen?...

Public Accounts Committee: Business of Committee (9 Jul 2015)

John Perry: What was the original tenancy?

Public Accounts Committee: Business of Committee (9 Jul 2015)

John Perry: One would imagine that in terms of its utilisation the IDA could make some use of it.

Public Accounts Committee: Business of Committee (9 Jul 2015)

John Perry: It would be a good idea to write to the new CEO of the IDA, Mr. Martin Shanahan, seeking a plan of action in this regard.

Public Accounts Committee: Business of Committee (9 Jul 2015)

John Perry: Is Mr. Boland coming in?

Public Accounts Committee: Comptroller and Auditor General Special Report No. 89
Internal Control in County Cork Vocational Education Committee
(9 Jul 2015)

John Perry: I welcome the Secretary General, Mr. Owens and their officials to this meeting. The Comptroller and Auditor General's report lists nine main issues: ineligible students paid to participate in Youthreach; leases entered into without the requisite ministerial sanction; significant sums spent on legal fees; numerous complaints from teachers and others to the Committee of Public Accounts; the...

Public Accounts Committee: Comptroller and Auditor General Special Report No. 89
Internal Control in County Cork Vocational Education Committee
(9 Jul 2015)

John Perry: What is the student base in the ETB's network?

Public Accounts Committee: Comptroller and Auditor General Special Report No. 89
Internal Control in County Cork Vocational Education Committee
(9 Jul 2015)

John Perry: I have a question for the Secretary General, who had overall responsibility for the VEC sector. Did the findings of the Comptroller and Auditor General come as a surprise to the Department, particularly the level of correspondence to this committee complaining about the VEC? This issue had been flagged as far back as 2000.

Public Accounts Committee: Comptroller and Auditor General Special Report No. 89
Internal Control in County Cork Vocational Education Committee
(9 Jul 2015)

John Perry: Did the Department discuss these concerns with the two previous chief executive officers of County Cork Vocational Education Committee, Mr. O'Brien and Ms Russell, who were constantly fire-fighting, especially on the industrial relations front, including in court? Did the Department at any stage tell these officials to get their house in order?

Public Accounts Committee: Comptroller and Auditor General Special Report No. 89
Internal Control in County Cork Vocational Education Committee
(9 Jul 2015)

John Perry: Mr. Owens inherited a number of legacy issues, including court cases. I note the VEC is tendering for legal services. When one considers the scale of the legal fees paid, what is the position in this regard? Has Mr. Owens had an opportunity to deal with these inherited issues and, if so, how did he approach the issues of litigation, tax settlements and so forth? I will not go through the...

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