Oireachtas Joint and Select Committees
Thursday, 15 September 2022
Public Accounts Committee
Business of Committee
9:30 am
Mr. Seamus McCarthy:
In fairness, the investment probably dates back to about 2016-2017. It was probably a different environment. Covid, obviously, had an impact, but there were losses incurred already, even before Covid. Therefore, if you like, the value of the State's investment in that has already eroded quite significantly. The 2021 accounts are in preparation. I have cleared them. It may be able to provide further information relating to that investment when it appears before the committee next week.
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