Shane Ross (Dublin South, Independent) | Oireachtas source

I thank Mr. O'Brien for bringing this to our attention so rapidly. It is difficult, in a short period, to take it all in. Perhaps Mr. O'Brien will clarify a few issues for us. He is obviously correct that this is many miles away from what the committee was told. The package deal for Mr. Kiely is unrecognisable. What we understood, and this came out at the previous meeting, was that Mr. Kiely was getting €200,000 tax free. What we did not understand, did not know and were not told was that there was an extra sum of €273,000 which was taxable. Presumably this was part of his pay-off. We now find that what Mr. Kiely got was €473,000 as a kind of pay-off, with €273,000 taxable. Is that correct?