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Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I understand you are the financial controller.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is there a record of that of the valuation file and from whom the valuation was gotten?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Will you revert to the committee with that information?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: There is ongoing investigation of this by KPMG. The public information indicates the chancellor of the University of Limerick was appointed to KPMG's public interest committee in December 2019. Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The chancellor of the university, Ms Mary Harney, is still serving on the public interest committee of KPMG, the consultancy firm that is carrying out the examination of the purchase of the Dunnes Stores site and the lack of due diligence around that. Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I thank the witness. If Deputies Devlin, Carroll MacNeill or McAuliffe have not joined us-----

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I thank the Deputy. We can go back through the rota again. Deputy MacSharry was the lead speaker so he can have another four minutes.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Will Deputy MacSharry put a question? We will get a reply from Mr. Flaherty.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: We lost the sound.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Deputy Munster has four minutes.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The sound was poor.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Can Deputy MacSharry put the question again, concisely?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I will ask Professor Mey to answer that question. It is appropriate she answers it. Can a copy be supplied to the Committee of Public Accounts?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Deputy Munster has four minutes.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I call Deputy Catherine Murphy.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: That is fine. I call Deputy Colm Burke.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I have a couple of questions in the brief time that remains, and other members might raise their hand if they wish to contribute further. To return to the issue of the Dunnes Stores site, our guests might clarify something for us. Professor Mey will understand that, because of the technology, answers may not be as clear as they might be, through no fault of her own or anyone else. Could she...

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is Professor May aware that the consultant who handled that case for the university previously acted for the Dunnes Stores seller?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Professor Mey is not aware of it. Has it ever been mentioned that the consultant may have been acting for the seller of the site previously?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Prior to the purchase of the Dunnes Stores site, UL made a request to the HEA regarding the purchase of the Opera site, which was very much a landmark site, for the same purpose. Why was the plan changed so suddenly? The timeline was extraordinarily short. What happened there?

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