Oireachtas Joint and Select Committees

Thursday, 6 April 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

None of that is contested. My point is that the company was sold for almost €64 million and the institute got €1.5 million but the institute would have put in a lot of resources in terms of supporting the company, notwithstanding the fact that it was a private company. Professor Donnelly was also a shareholder so when the company was sold did he benefit financially?

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