Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills

9:00 am

Mr. Seán Ó Foghlú:

I know. We are not aware of the detailed arrangements for any companies, but we are aware of a case of a company that is no longer in WIT. The Deputy asked about current companies. That company is no longer in WIT. It is in private ownership or has been sold, and there is a particular issue that is ongoing or concluding. Chairman, my brother is also a shareholder in the same company. He was also employed in WIT. He was a co-founder of the TSSG, the communications unit that spun out this company. He was a director of this company, was in employment and had some ownership.