Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

If we go back to the exchange that Mr. McCarthy had in December, Mr. Maloney said the following:

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 the shareholders' agreement. The authority knew it had a €35 million liability, plus the €32 million equity. Does the Comptroller and Auditor General accept that?

Mr. McCarthy replied, "No, I do not".