Joe Costello (Dublin Central, Labour) | Oireachtas source

I thank Mr. McCarthy for his clarification. I have no doubt that proper accounting practices were used.

My final question relates to the sale of HL Commodity Foods Limited.

There were two units in the Hospital enterprise centre in Limerick, which was owned by Shannon Development, and they were sold to Munster Packaging Limited. I understand a clause was written into the contract that stated the property should be used only for the purchaser's business activity. The purchaser undertook not to utilise the property for speculative purposes. I understand those properties have now been sold by Munster Packaging Limited to a Mr. Robert Ryan - I do not know who he is. They have been offered to HL Commodity Foods Limited on a 13-year lease and this seems a clear abuse of the terms on which the sale took place.

Are these the same units that were mentioned as having been sold and advertised on the open market? When did the sale take place and was it advertised publicly? Who is Mr. Robert Ryan and when did Munster Packaging Limited buy the units? How did Shannon Development satisfy itself in the auditing process that it got the best market value for the units?