Oireachtas Joint and Select Committees

Thursday, 6 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012

11:20 am

Mr. John Crawley:

No, it does not actually. It relates substantially to a loan that the authority had issued. It is broadly in the space of the CHQ property. I will not go into the exact details because I do not wish to mention a particular tenant but it relates to loans that had been provided for refurbishment of properties which are not now recoverable. They were effectively reflected in the sale price of the property that we achieved. We passed the debt on to the new owner.