Oireachtas Joint and Select Committees

Thursday, 29 January 2015

Public Accounts Committee

Business of Committee

10:00 am

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

I understood the indemnification figure agreed to in 2002 when the redress issues arose and the legislation was introduced was well over €100 million. The figure for the 64 properties here worked out at €42 million. There are still 17 properties to be determined, but the figure is unlikely to reach another €42 million. Therefore, the total will be well short of the indemnification figure agreed to by the State with the Conference of Religious of Ireland, CORI, which was negotiating on behalf of the religious orders. There was a very considerable loss to the State on a matter which was the subject of agreement.

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