Catherine Connolly (Galway West, Independent) | Oireachtas source

The subsidiary is in a position to deal with the legacy pension, although different terminology is used. The liability that arose as a result of doing away with the pension legacy became a charge on the land. It is now clear that UCC took over the IMI at no cost and then paid the IMI, its own company, €20 million for 13 acres of land. The company, which is owned by UCC, could then pay off the loan or charge, which is clearly to do with the pension liability. Is that right?