Oireachtas Joint and Select Committees

Tuesday, 21 September 2021

Public Accounts Committee

Business of Committee

11:00 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I suppose that it is part of the cleaning-up exercise after the madness of the 2000s. In his letter, the Secretary General, Mr. John Hogan, stated that "the purpose of extending the timeline for completion of the liquidation is to maximise the ultimate return for the State in light of the impact of COVID-19 on the liquidation process, and this will be subject to ongoing review." The Secretary General seems to hint in that letter that some of the assets may actually be more valuable as we come out of Covid. However, I think the point that Deputy Murphy has made is well made.

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