Kieran O'Donnell (Limerick City, Fine Gael)
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I wish to conclude with the medical devices. Mr. Cregan said in page 58 of his report with regard to repayment of €550,000 in 2013, that the Friends and Supporters of the CRC made a payment of €550,000 in 2013 to CRC on behalf of CRC Medical Devices "on foot of this undertaking", and that this amount was in settlement of all funds advanced to the CRC Medical Devices by CRC. The impression would be given that the moneys put into CRC Medical Devices came from Friends and Supporters of the CRC. Initially, the medical devices company was a 100% subsidiary of CRC. I suspect that the CRC provided it with funding and when that was proving to be difficult the company was transferred to be 100% held by the Friends and Supporters of the CRC, where the pool of funds was. Effectively, it was out of sight and out of mind in terms of the HSE. Could Mr. Goulding say how the set up for the medical devices company come about? How was it that €550,000 was owed to the CRC, which was repaid in 2013 by the Friends and Supporters of the CRC?