Oireachtas Joint and Select Committees
Thursday, 17 June 2021
Public Accounts Committee
University of Limerick: Financial Statements 2019
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
The point is, in this case, there was neither written nor verbal valuations. It does not appear even an opinion was noted. There is no evidence, or even a record, of an opinion being sought, verbally. Nobody was asked, even on a street corner, why the cost, which was valued a very short time previously at a much lower cost of €3 million, all of a sudden arrived at €8 million. The governing authority of the university, as I understand it, has 28 members.
I want a "yes" or "no" answer. This is not to be in any way abrupt with the witnesses but because of the time limits we operate under with Covid-19 restrictions. Did any members of the governing authority raise concerns around the lack of due diligence with respect to the purchase of the Dunnes Stores site?
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