Seán Fleming (Laois, Fianna Fail) | Oireachtas source

Most liquidations are in the private sector, outside the remit of the Oireachtas. This one has the same procedure but is carried out in a publically owned body. I am trying to separate the two. There is no method for intermittent independent reports on the liquidation process. It might be said that is not provided for, but there would be a benefit if there was an equivalent independent audit produced at the end of each year, especially when a liquidation is likely to span several years. When the special liquidator gives his report to the Comptroller and Auditor General it is published, and nobody has any way of knowing if it is true or not. That is probably why this case is going on at the moment. There is a missing link in terms of public accountability when a public, State owned organisation is being liquidated, compared to the private sector. That is my observation.