Oireachtas Joint and Select Committees
Thursday, 13 June 2013
Public Accounts Committee
Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed)
2:40 pm
Shane Ross (Dublin South, Independent) | Oireachtas source
It was buying the mess. The people commissioned by Mr. Elderfield were appointed because the company was in turmoil. I presume they were specifically mandated to look for something like this but they appear to have failed completely. They returned what he describes as a false positive, which basically is an indication that everything was okay. Surely he should investigate a means for holding them accountable to some extent because they were acting on his behalf and, indirectly, on behalf of the taxpayer and the customers. We certainly should be getting our money back, if not investigating how thoroughly they did their job.
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