Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The Minister needs to look into the issue of whether there are court proceedings. My understanding is that there is none. The Minister is being told a porky. He should simply ask the company if there is a court date and if an actual court hearing is due. He will find out there is not, so they are not telling the truth. That is my understanding and the matter needs to be checked.

Earlier this year, the statutory auditors for Dún Laoghaire Harbour Company, Deloitte, resigned. This year, Pamela Kearney, the auditor on the board, resigned. As I have told the Minister, losses for the company, whose accounts came out in May, have increased from €1 million to €6.5 million.

Next week, on 27 July, the trustees of the pension scheme have been asked to meet the Pensions Board to address serious concerns raised by the worker pension trustees about the company's behaviour concerning the pension scheme. The questions continue over serious problems and irregularities with the financial and corporate governance of this harbour company. This company, which the Minister himself once called a quango, has to be dissolved. Its operating loss this year was €500,000. The combined salaries and fees of the CEO and directors add up to that loss. This quango has to be dissolved.

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