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Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Where did you meet?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Are you referring to the board meeting or the meeting with Mr. Maloney and Mr. McNamara?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Why?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I am mindful of the chairman's instruction at the start of the meeting.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: We will note that. The substantive outcome from that meeting was that Mr. McNamara had indicated that the site could go for more than €400 million but that you indicated back to him that the board at that stage only had agreement to go up to €375 million.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: He also indicated a change in the funding mechanism behind the bid from him.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: In the meeting on 24 October, you indicated that for his own part, the chairman advised he was a non-executive director of Anglo Irish Bank and would not be involved in the executive decisions relating to funding with the bank. Could you explain what you mean by that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw will see why I am asking this question-----

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: -----because this means the Minister of the day was looking at a proposal and he thought the purchase figure was €220 million when, in fact, it was in the region of €370 million.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: There is no formal evidence that the DDDA communicated, in writing, to the Department of the Environment the correct figure.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What does Mr. Bradshaw mean that the authority had become politicised?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Okay.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: We will move to the latter part of this narrative which is the meeting of Tuesday, 24 October at 8 a.m. This meeting was specifically instigated to give agreement to go ahead with the tender for the purchase of the site. Out of all the people present - Mr. Bradshaw, Ms Cavendish, Mr Curtin, Mr. FitzPatrick, Mr. McCourt, Ms Moylan, Ms Sullivan and Ms O'Connor, the board members, and in...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Yes.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: She was also a member of the board.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: This is the most fundamental aspect of it, though, as the letter was looking for ministerial consent to go ahead and borrow.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: To increase the debt capacity. I thank Mr. Bradshaw for the prompt. It sought a green light to go ahead with the proposal.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What does Mr. Bradshaw mean by a board pack?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Where is that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: So the phrase "A copy of the application for consent is attached" refers to this letter?

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