Oireachtas Joint and Select Committees
Thursday, 23 February 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General - Chapter 14: Assessment and Collection of Insurance Compensation Fund Levies
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer
9:30 am
Paul McAuliffe (Dublin North West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
The Central Bank is aware of the settlement figure. Is Mr. Molloy precluded by virtue of the settlement with PwC from revealing that? Is there a confidentiality clause? Why in God's name did a public body enter into a settlement which precluded the Central Bank from releasing the final figure of the settlement when there was public money involved in defending the case? Regardless of all the interest that would be there in terms of the €1 billion, Quinn Insurance, and all of that debacle, my question is just on the strict terms of the State ponying up €30 million and that the Central Bank might need to tell somebody about it. Why would the State enter into a settlement which precluded it from doing that?