Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Public Accounts Committee

Strategic Banking Corporation of Ireland: Financial Statements 2019

9:30 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I am just about to conclude. I will do so by making a proposal that the committee consider, under section 748 of the Companies Act, asking the Office of the Director of Corporate Enforcement to examine the support that was given to Bibby and whether the money was used for its intended purpose. Although I am no expert, my reading on this matter recently leads me to believe that Irish taxpayers have dished out €60 million to support Sir John Bibby's commercial enterprises in the UK.

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