Oireachtas Joint and Select Committees

Thursday, 24 November 2022

Public Accounts Committee

Financial Statements 2021: National Lottery Fund

9:30 am

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

That is why there is a fundamental question over the prudence of that move. The operator is paying way above the market rate but doing so in a way that the people who profit are those in their own parent company, that is, its own shareholders. It is managing to do two things. It is taking money out of the company but benefiting the beneficial owners of that company through a mechanism, when it could have actually got a much more value-for-money service.

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