Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Public Accounts Committee

Business of Committee

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I was going to make the point, which An Teachta Murphy has made, that the valuation was based on the zoning and the use. The Accounting Officer for the Department, the Secretary General, when he was here, however, was absolutely adamant that they were paying at market value. It strikes me now that maybe they were not, given the information we have, which to me is serious. What was fishy, to use the Chairman's word, at the time was that the valuation, or what was actually paid, almost hit the bulls eye in terms of the debts that were owed. That is what jumped out of the pages - why does the valuation pretty much come in at the amount in legacy debts the organisation had? It seems that our concerns and what was pretty obvious to many of us at the time have now come to pass. A separate session is therefore needed, to be fair, to get to the bottom of this. We need the Department and Bord na gCon in at the same time. To have them in separately would be wrong. Both need to be here at the same time for us to get to the bottom of this.


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