Oireachtas Joint and Select Committees
Thursday, 2 May 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed)
1:00 pm
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
The authority eventually provided guarantees that covered Becbay in its entirety, 26% of all interest due and 26% of all cost overruns on the site's remediation. These financial problems were known to the board in 2008, when Ms Moylan left. It strikes me as odd that, if the authority sought legal advice to protect itself, it then covered the borrowings of the joint venture in its entirety as well as 26% of all interest due and 26% of all cost overruns on the site's remediation, a decision that led to increased exposure and liability. Does Ms Moylan assert that this information only came to light after she left the board? As far as she was concerned in November 2006, there was a limited liability.
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