Oireachtas Joint and Select Committees

Thursday, 25 September 2014

Public Accounts Committee

Business of Committee

10:55 am

Clerk to the Committee:

What one does is take the €46 million that the developer got on selling the houses to the 215 families. He got €46 million but the houses were actually valued at the time at over €70 million.

He got the difference between the two prices, the full value of the houses.