Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

11:30 am

Photo of Matt CarthyMatt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

Part of the fear that people have is that because this fund is so large that sums of millions can be described as relatively small, pound signs will be shining on lots of the usual suspect, if you like. I wonder has Mr. Moran any fears because of the way in which the fund is managed. As he says, it is almost in the ether so nobody knows who is losing at the end of the day, whether it is Apple or the Irish State, in terms of any expenditure. Lawyers, financial advisers and investment firms see an opportunity to make a lot of money, in real terms. Is Mr. Moran satisfied that the safeguards are in place to ensure that these guys are actually providing value for money, in the first instance, and that there is appropriate accountability on whether they are being paid for doing real and valid work?

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