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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?

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

Seán Fleming: Yes.

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

Seán Fleming: I can see where Deputy Catherine Connolly is coming from. In 2015 Caranua paid out approximately €30 million. In 2013, over nine months, it paid out little or nothing when it was starting off. In 2014, according to the summary presented by the Comptroller and Auditor General an hour ago, the total payout was €10 million. In 2015 the total for grants and administration costs...

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

Seán Fleming: Therefore, it is a figure of €25 million. Has there been a remarkable increase in payouts this year so far?

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