Ossian Smyth (Dún Laoghaire, Green Party) | Oireachtas source

There is a complex corporate structure to this, as there is with any multibillion euro contract. David McCourt-controlled companies were the ones that led during the bid. The other investors were putting up the money at a later stage, so it is natural that many of the costs of the bid were attributable to a company controlled by him. I understand the Deputy's question on how a company set up recently before the bid was awarded can be due to recover the costs. I would have to consult with the lawyers and see about that.

The movement of money in and out of the company is an audited process. It is an audited company and to break any of those rules would be a criminal offence. It is under great scrutiny and it is right that the Deputy asks these questions and the Business Postasks questions about it. That is the process of transparency and I am happy to answer any questions. If I do not have the detail on that one, I am happy to supply it to the Deputy from my office.

See this speech in context