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Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Well €16 million is a reasonable sum-----

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: I am not stating that Mr. Martin receives anything. What I am stating is that we have a job to do. Would our guests like to take a 15 minute break?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: We will take a 15-minute break and conclude at 3 p.m.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Yes, we can request the information.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Yes. It is a data protection issue.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: That is on account of data protection but the CRC can look at it.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: We understand.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Can I ask Mr. Nugent about the company providing appliances for mobility? What is the background to that? How was it established? Who established it?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: It is okay.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: In what year was that company established?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Was there a loan provided for that company?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Underwritten to the tune of what?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Would Mr. Nugent or Mr. Martin know?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: A senior manager put the business case, set up the company under the umbrella of CRC or something close to the CRC, and the friends gave that company €500,000. Did the senior manager remain with the CRC or did he go with the company?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Did he stay? He presented the business case and €500,000 was put into the company.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: The CRC had €500,000 of working capital in there, is that right?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Did the manager stay with the CRC? Is he still with the CRC?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Okay. What happened the company when it got into difficulty?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Do you still own the company or who owns the company?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

John McGuinness: Is the manager who originally suggested the business plan part of the company?

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