Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

With due respect, the board put the DDDA and the taxpayer in a position where they had to fight a legal case based on making an investment over a 12-day period when the investment went from an exposure of €9 million to €61 million with no independent valuations provided. Major questions have to be answered here. Looking at it now it is clear that it was invested at the peak of the market. Had proper due diligence been done on it at the time and an independent valuation sought, that investment might never have gone ahead and the DDDA might still be functioning and playing the role it was meant to play, the redevelopment of business, social, educational and recreational aspects of the docklands.