Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

It is obviously a huge amount of money. My concern with a committee of inspection - I appreciate Mr. Moran will say he cannot answer this but I want to put it on the record again - is there are a number of people in the Department responsible for the liquidation.

This was the biggest liquidation in the history of the State and it probably compares reasonably well in size to some of the biggest funds in Europe, if not the world. I ask the witnesses to tell me if they cannot answer this question. When we worked on the Act we extracted the need for a committee of inspection that would have overseen fees, who got paid when and how many hours were being put into what task. It could have questioned matters and if there was a dispute it could have gone to the High Court. Is this the procedure in regular liquidations?