Results 30,881-30,900 of 33,214 for speaker:Paschal Donohoe
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: It was believed there was no conflict of interest.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I am incredulous. I can only speculate but Mr. FitzPatrick and Mr. Bradshaw may well have been owners of shares in the bank. They may well have been in receipt of performance-related payments from the bank due to the roles they were performing. It is certainly feasible that they could have benefited indirectly from the go-ahead for this project. I am not saying that they did. I am being...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Okay, we will come back to that point. The letter dated 12 October was to Ms Moylan, a member of the board, and included a figure of €220 million. Ms Moylan attended a meeting some eight days later and the discussion was on a figure ranging from €275 million to €375 million. Did she ask why there was such a variation?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I understand those points, but, respectfully, that is different from the question I am asking. I have a letter from Mr. Moloney, chief executive of the board, to Ms Moylan, including a figure of €220 million. In the minutes of a board meeting, attended by Mr. Moloney, there is a figure ranging from €275 million to €375 million. There is a gigantic difference between...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Ms Moylan says the figure mentioned is a typographical error. What should it have been?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Ms Moylan has said the figure varied. The letter including the figure of €220 million was dated 12 October. I will get to the minutes of the meeting of 24 October in a moment. The letter to the Department mentions a figure of €220 million, but the board discussed a figure as high as €375 million. The value did not vary by that much. There was no change in plot...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Okay, but even if there were variations, the letter to the Department stated a figure in the region of €220 million, yet there was a discussion based on a figure of up to €375 million. That is one hell of a variation.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: We have been around this issue and Ms Moylan is clear on my line of questioning. I accept that she has given me an answer, but I challenge it, as I still want to understand why there was such a difference. As she has pointed to the meeting of 24 October, I will move on to discuss what happened at that meeting. That meeting took place at 8 a.m. At this stage, we should remind everybody who...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I refer to the actual minutes of the board from that meeting, namely, document R909, and wish to focus on section 3.1, because this gives the main reference to the IGB site. It states: "The chief executive briefed the board on the confidential negotiations which he had undertaken with a developer who had indicated an intention to bid for that site". At that stage, who was the chief executive?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Did Mr. Moloney indicate that anybody else was involved in those negotiations?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: In the meeting he indicated that he had been directly involved in negotiations with a developer------
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: -----and he gave no indication as to whether anybody else was involved in those negotiations. I will be very specific in my question. I appreciate Ms Moylan is giving her best answer in respect of a meeting that happened more than six years ago. Did Mr. Moloney indicate whether any other members of the board were present at the meeting he had with that developer?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: At that stage did he tell Ms Moylan who the developer was?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Did the board ask why that developer was involved in that discussion with Mr. Moloney?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: What kind of relationship?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Given the scale of the investment being proposed, did the board not ask why other developers did not have an opportunity to participate in these discussions and allow themselves to be selected for participation in this construction?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: From which document does Ms Moylan source that information?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I thank Ms Moylan for that. I quote from the minutes of the meeting, in section 3.2, which state: "The board agree the executive could open negotiations with a potential tender partner with a view to formulating a joint bid". That was minuted within the meeting. Why did the board not ask the reason other developers had not been allowed to participate in a bidding process for this project?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: At that meeting, however, it was decided to open negotiations with this particular developer.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I put it to Ms Moylan that such legal advice should have been sought first, before a decision was taken to begin a partnership with this developer.