Oireachtas Joint and Select Committees
Thursday, 6 April 2017
Public Accounts Committee
Dublin Institute of Technology: Financial Statement 2013-2014
Grangegorman Development Agency: Financial Statement 2015
9:00 am
Professor Brian Norton:
More effort was made to effect data recovery. The company was in liquidation and its debts exceeded its assets so there was nothing to recover. As can be seen from our submission, this was quite significant. The University of Durham was owed well over €1 million while the University of Colorado was owed €3 million. This was an international problem. This was a major international supplier to this sector. They had no assets to recover. We are in the normal process of seeking recovery but no one has yet received money back.
No comments