Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Parlon:

Again, I'd say I have no recollection. I knew Liam Kelleher mainly through having met him at partnership negotiations when I was IFA president and Liam was in his role. I don't believe I ever met him in between so I didn't have any direct contact with CIF. As for decentralisation, that was a Government decision that was announced by Minister McCreevy. The PDs were part of that Government. I had some idea ... it was part of the whole policy lead up. As for the detail and so on, I didn't. I certainly welcomed it and took whatever political advantage out of the fallout for it and thought personally it was a good idea. And for the OPW at the time, it was a major boost. All of a sudden the OPW had substantial budget to build new offices around the country and an initiative I took myself was to sell off at the peak of the market some very expensive and very ... you know, some of the highest priced pieces of property in the country were ones that the OPW sold and took advantage of the ... the ... the strong market at the time.

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