Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
I do not accept what Mr. Moran's saying regarding the liquidation of IBRC. We saw the plenary summons at the time. I think Mr. Tobin unfortunately said that we would have to ask them about their motivation. I did not realise there was a second case. We saw the plenary summons relating to the first case. It was simply looking for accountability. I am not sure if it was Mr. Moran or somebody else that was there who said that we should wait for the statement of claim. It seems absurd that somebody would have to go to court to bring about accountability. They were not looking for anything for themselves. They were simply setting out what they thought were the necessary oversight mechanisms. I will leave Mr. Moran with that. I think the Department of Finance should look at the fact that a citizen had to go to court to get proper oversight mechanisms.