Oireachtas Joint and Select Committees
Thursday, 26 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform
11:00 am
James Browne (Wexford, Fianna Fail) | Oireachtas source
While that may be strictly what the contract says, surely the State has a duty of care? Many of these subcontractors have a legitimate expectation that the State would carry out proper due diligence. The NDFA indicated due diligence was done on Carillion, yet the company subsequently went wallop with €7 billion in debt. It is hard to see how the company was not trading recklessly when it left €7 billion of debt behind it. The NDFA's position is that it will not look behind the goods it is taking possession of, notwithstanding that it has been highlighted to the agency by service subcontractors and Members of the Oireachtas that these goods have not been paid for.
No comments