Shane Ross (Dublin South, Independent) | Oireachtas source

From the very little we know about CRC Medical Devices, we realise it lost money for reasons we have not a clue about because we do not know anything about it. It submits only very short accounts to the Companies Registration Office. We know the company was spending money like water and that it was extravagant. All we seem to know is that CRC charged it for management fees or expertise in the initial stages. There was some strange inter-company transaction that Mr. Cregan does not know about. We know about the credit cards. We also know - this surprises me - that the auditors wrote to Mr. Brian Conlan on 6 February.

It does tell us a little bit about what happened in the deal. It is a strange deal that nobody will talk about, which is very odd, although Mr. Goulding has promised to give us some details about it. There is just one thing that struck me - I think the assets were transferred to MMS Medical and all the rubbish, basically all the debt, seems to have been underwritten by Friends and Supporters. Is that not correct, Mr. Cregan? In fact, trade in the assets has gone to the buying company.