Oireachtas Joint and Select Committees
Thursday, 12 December 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed)
1:10 pm
Mr. Paul Maloney:
No, because just like Anglo Irish Bank franchised out its risk to AIB, given that we had 26% and he had 74% it made sense that he would seek to franchise out one of the biggest deals he had made. It made sense when he explained it to me and I became slightly more comfortable. I was totally uncomfortable when I was first informed about it on the day we were to bid, and I rejected it.
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