Mick Wallace (Wexford, Independent) | Oireachtas source

I thank the delegation for their submissions. Last March, the House of Commons Library compiled a briefing document on the collapse of Carillion. It reads:

In the eight years from 2009 to 2016, Carillion paid out £554 million in dividends, three quarters of the cash it made from operations. In the five-and-half-year period from January 2012 to June 2017, Carillion paid out £333 million more in dividends than it generated in cash from its operations.

Over the eight years from December 2009 to January 2018, the total owed by Carillion in loans increased from £242 million to an estimated £1.3 billion – more than five times the value at the beginning of the decade.

The NDFA delegation has said the NDFA carried out due diligence on Carillion. Would it be fair of me to say that the witnesses feel that the NDFA was misled by the auditors, KPMG?