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 can, and I have evidence of this. I do not want to take up the time. I believe, honestly, the Comptroller and Auditor General is fundamentally wrong in this and will prove this. I came back from abroad to spend time looking at all these files and I will produce the evidence. More importantly, I asked to communicate with the Comptroller and Auditor General to clarify. He correctly said he could not clarify anything with me in advance of this meeting. I understand he could not. Therefore, I went to the next source of all the information, the DDDA current director of finance. I asked him to set down for me that table; he has done so. I will submit the table. It shows unequivocally that at the time of the shareholders' agreement - which is as the Comptroller and Auditor General stated - the financial commitments of the authority were twofold: one, the recourse funding cap of €35 million - we both agree on that; and two, as he has in his document - I have asked him to confirm for me in writing and he has, and I asked him to confirm it in writing to the Comptroller and Auditor General and he said he would do so-----

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