Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

Deputy Connolly asked Mr. Meaney about the motion of no confidence and he said that was a certain view. I was there. There were over 700 people - virtually the entire industry - in Horse and Jockey. Mr. Meaney is right about one thing. There are different sections in this industry, there is fragmentation, there are different groups and they do not always agree with one another but they agreed that day. The 700 people there could not fit into the room, some had to stay in the lobby and the car park but they agreed that they did not have confidence in the witnesses. The fact that Mr. Meaney thinks there is only a certain view shows he is not living in the real world if he cannot see what is in front of him in the context of what the industry is saying. It is united on that.

On 5 April, Mr. Meaney stated "IGB is under pressure to manage a legacy debt now reduced to €20.3 million, which preceded the current chairman, board and executive of IGB." Is that true?

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