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Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: I call Deputy David Cullinane.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: The Deputy will only be away for 20 or 30 minutes. We will be here at least that long.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: The Deputy will get his chance to speak when he comes back.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: July 2015.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: What was the largest payout?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Did many receive more than €50,000?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: How many received more than €50,000?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: No. In numbers.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: When did the penny drop with Caranua that that could not continue, given the potential of 14,000 further applicants?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Could Caranua not foresee some people returning? I will allow Deputy MacSharry back in, as I am probably cutting across his question.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Was Mr. O'Callaghan chairman of the board when he said this? When did he make this statement?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: My mistake. Did Mr. O'Callaghan make that statement earlier?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: I am sorry. I was out for a few minutes.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Mr. O'Callaghan has indicated he would like to contribute.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: The Deputy has made the point and he might let Ms Higgins explain the position.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Therefore, it would out at €750,000.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: She said the figure would be €240,000 per annum, or €750,000 from the survivors' fund.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: Does Ms Higgins know the answer?

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: The Deputy can ask her question later if it is not answered.

Public Accounts Committee: Caranua Financial Statements 2014 and 2015 (13 Apr 2017)

Seán Fleming: What was the payout in 2016?

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