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)

1:40 pm

Mr. Paul Maloney:

I thank the Comptroller and Auditor General.

On the figure of €35 million, we all agree now that it was a funding guarantee liability to do with recourse and interest. At the time of the shareholders' agreement, the €32 million for equity was also in that shareholders' agreement. The authority knew it had the €35 million liability plus the €32 million equity. Does the Comptroller and Auditor General accept that?

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