Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

Good. There would have been some natural loss through deaths and people being ill and not coming forward, but Caranua knew the numbers it was facing. It did not, however, rise to that expectation and ask itself how it would cope with the finite sum of €110 million. It did not ask what its plan would be or how it would do it in a fair, just and equitable way. Mr. O'Callaghan may say I am wrong, but if it did act in the right way, it certainly is not jumping out at me from the documentation.

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