Oireachtas Joint and Select Committees

Thursday, 20 November 2025

Public Accounts Committee

Exceptional Funding of the Peter McVerry Trust: Discussion

2:00 am

Photo of Grace BolandGrace Boland (Dublin Fingal West, Fine Gael)
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I thank Mr. Doherty for coming before this committee and highlighting these issues. I can only imagine the absolute panic he must have experienced when he came into the role. He had been working for a charity that was trying to help the most vulnerable in our society and, on the other side, there were no cash flow reports, literally millions washing around, arms-length transactions not occurring, no proper governance, a board that did not seem to understand what was actually happening, and the purchase of stately homes. It must have been astounding for Mr. Doherty to even try to unpick what had happened. I really cannot imagine the panic that he experienced when he was appointed. I thank him for highlighting these issues to us.

In the short time that I have, I want to clarify a few things. Was Rubycon the largest creditor of the trust?