Noel O'Flynn (Cork North Central, Fianna Fail)

The name of that individual is listed in transcripts of the joint committee's proceedings and I need not mention it here. However, we were fed a line of information on the sound finances of the company. When the CEO to whom I refer was replaced six months later, we discovered from his successor what the real position of the company was.

It is disheartening for me to recall the selling off of high street properties and tracts of land to fund the day-to-day operations of the company. The latter came about as a result of poor financial management and industrial relations. In addition, €150 million——

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