Oireachtas Joint and Select Committees
Thursday, 17 October 2019
Public Accounts Committee
Caranua Financial Statements 2017
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
We are happy to see it moving. In fairness to Mr. Ó Foghlú, he refers to a number of meetings he held on 24 May at which he met various parties. That was a busy day for him but it is achieving results and I want to put that on the record.
Finally, I want to put on record information regarding cash contributions. Again, I am reading from the aforementioned letter, which says that contributions from the congregation of Christian Brothers in September and October amounted to €3.3 million. That is important. The total amount of cash contributed by the congregations now stands at €106.9 million. These contributions, plus added and accrued interest of €1.382 million, have been received by the Department and placed in an investment account established under the National Treasury Management Agency, NTMA. We know that interest transfers to Caranua. The letter also says that the Christian Brothers have also committed to completing their outstanding cash contribution of €3.5 million by the end of the current year. Did Ms Conduit mention that earlier?
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