Pearse Doherty (Donegal, Sinn Fein)
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The intention is also to wind up the IBRC before the end of the year and transfer whatever remaining assets it has. The intention was to dispose of assets in Russia and Ukraine in 2024. Will Mr. Carville outline those assets for the committee and their value? Eye-watering fees are being charged by the special liquidator to liquidate the IBRC. The taxpayers feel they were taken for a ride by the IBRC in the first place. The IBRC has Anglo and Nationwide. We lost €34 billion between those two banks. Now, it is costing us €320 million in fees to the liquidator to wind it up. The number of whole-time equivalents is about 13 people if one looks at the maths. They were paid about €5 million in the last year that was reported on. These are eye-watering sums of money to wind up a bank. Is there a more appropriate way? Solicitor firms have made multiple millions of euro on the back of this liquidation. My concern is that the Comptroller and Auditor General has no oversight of value for money in relation to these fees. Will this close the door on any of us finding out if there was value for money regarding the liquidation and the more than €300 million paid to the special liquidator's team?