Oireachtas Joint and Select Committees
Thursday, 8 May 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
11:45 am
Mr. Des Carville:
The special liquidators, Kieran Wallace and Eamonn Richardson, were appointed in February 2013. They are legally obliged to produce a statement of affairs two years post liquidation, which will be in February 2015. At that point, they will detail the total cost of the exercise. There is quite a bit of uncertainty around the ultimate outcome of the exercise and around some outstanding litigation. Therefore, it is not possible to predict what the final cost will be, but they should be in a position to produce that statement in February 2015.