Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent)
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Let me quote the Comptroller and Auditor General. The background to this, of course, concerned the previous redress board and all the money. I am subject to correction but I believe the estimated cost of the previous redress board and commission of investigation was €1.5 billion. I am sure the Comptroller and Auditor General produced many reports but I am referring to the one from 2015. My point is for him and also the Department. Page 11 of the summary sets out the setting up of a redress scheme. It is stated that lessons learned should be identified, in addition to improvements that could be applied to any future redress scheme. Redress cost €110 million and we were supposed to have learned lessons.