Oireachtas Joint and Select Committees

Thursday, 20 November 2025

Public Accounts Committee

Exceptional Funding of the Peter McVerry Trust: Discussion

2:00 am

Mr. Tony O'Brien:

What I can say is that CEO 2, acting in his capacity as CEO 2, identified the problem and resolved it. The money had left the Peter McVerry Trust in an inappropriate way under the authority of CEO 1. Acting as CEO at the time, CEO 2 sought the money and received it back. We are not in a position to do very much more beyond that. I understand the implication of the Deputy’s question, but once the funds were returned there was no permanent loss to the trust. Neither was there an accounting impact on the trust. Those in place at the time decided to close the matter there, and I am not going to reopen it.