Results 21,181-21,200 of 26,228 for speaker:Kieran O'Donnell
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Was Mr. Maloney aware at that time that AIB would also be involved?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: This was a tele-conference meeting for everyone.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Was everyone on the telephone lines?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Does Mr. Maloney, on mature reflection, believe he should have been more hands-on in the early stage of the process? Is there anything he would have done differently if he were back there again now?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Give me the basis-----
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: What was the basis of the valuation for €375 million?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: When was that done?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Is Mr. Maloney certain it was done prior to this letter issuing on 3 October?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: If that was the case and they were coming up with a valuation of €375 million, why did the DDDA only look for a loan facility that would have allowed it go up to a limit of €350 million?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: How did it suddenly arrive at a valuation of €375 million for the site?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Mr. Maloney is saying the DDDA entered into a transaction of the order of €375 million and it did not have an independent valuation done.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: First, this was the biggest single transaction the DDDA had entered into. Mr. Maloney was its chief executive officer. A letter went to the Department which was a p.p. letter, of which Mr. Maloney had no sight. For that level of investment, should he not have had sight of that letter? Second, it was generally known that the market was falling, certainly from June or July 2006. It went...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: It is noted that concerns were expressed by the executive to the board about-----
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: On the day, did Mr. Maloney express that concern about the valuation to the board? Did he have concerns about the €375 million?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: What date was that?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: In terms of the amount put on the value, they valued it at €375 million.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: That had already gone in.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Would Mr. McCarthy regard that as unusual?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Was it done to support the bid?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: The point I am trying to make is that once the €375 million was the amount, Mr. Maloney would have known at that point that his borrowing limit would not have been sufficient to cover that? Am I correct?