David Cullinane (Waterford, Sinn Fein)
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I thank Professor Fitzgerald. Could I just note as well, a Chathaoirligh, that it was you who said, on the same programme that there was a severe lack of corporate governance shown by these governing bodies of these organisations and when they did come before us - which was a number of institutes – they did not tell the full truth. They were your words, Chairman. A number of allegations have been made by the programme as well that we did not get full information. That is what we need to examine here today with Professor O'Shea, Mr. Collins and Professor Fitzgerald. Professor Fitzgerald has at least acknowledged that incomplete information was given by representatives of his organisation and I thank him for that.

I will start with Professor O'Shea. In his opening statement he said no taxpayer or Exchequer funds of any kind were used by the university to acquire the IMI. Was any taxpayer money used or any funds from his organisation used to pay for or discharge borrowings, working capital or liabilities?