Oireachtas Joint and Select Committees
Wednesday, 11 December 2013
Public Accounts Committee
Section 38 - Agencies Remuneration
2:15 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
It is still money collected from the public. To a layman looking in, it looks like CRC Medical Devices which appears to have been a loss maker, bar one year, had accumulated loans of more than €500,000 and it was transferred from being a subsidiary of the CRC group. Effectively, the CRC was bailed out by Friends and Supporters of the CRC Limited for this dead duck of a company which Mr. Nugent told the Chairman had been sold. To whom has it been sold? For how much has it been sold? How much money which should have been used for front-line services will Friends and Supporters of the CRC Limited end up having to use to bail out what is, effectively, a commercial concern? Will Mr. Nugent put figures on it? Am I correct in saying the loan is approximately €550,000?
No comments