Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I want to be very careful and talk in principle. I do not want to mention any company or legal issue. In principle, is it good practice to loan a company €6.6 million without any recourse to the directors of the company? In other words, if one has a company or a vehicle to which the Department or a local authority decides to loan money on an interest-free basis, what happens if that company goes into liquidation or ceases to trade? What guarantees are there? Is the Department aware of any personal guarantees as security for its money? If this company ceased to exist, how would the Department propose to get its money back?