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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: It did, excuse me. The point Mr. Bradshaw made is that the State did not lose money as a result of the DDDA's purchase of the Irish Glass Bottle site, in fact it made money. The point he referred to here is that the Dublin Docklands Development Authority did lose money but on the other side of the ledger is the money the Dublin Port Company made. Based on that, he is concluding that the...

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

Paschal Donohoe: The other part was the involvement of NAMA in all of this and the fact that it ended up being involved in the purchase of the site that was bought for €411 million which is now valued at massively less than that.

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

Paschal Donohoe: If Mr. Bradshaw includes that in the balance sheet that he has proposed here, the State did lose money.

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, in fairness, has responded to an assertion I did not make. I have been at pains in the past two hours to ask nothing but questions.

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 sure Mr. Bradshaw will acknowledge that we will draw our conclusions at the end of all this, once we have talked to everybody.

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

Paschal Donohoe: I have been really careful in that regard and I hope Mr. Bradshaw appreciates that.

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

Paschal Donohoe: I have done all I can to give a balanced appreciation of this.

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

Paschal Donohoe: Sure, I am just asking Mr. Bradshaw if he believes given everything that has happened that the State did make money overall.

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

Paschal Donohoe: I have been very careful.

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

Paschal Donohoe: I understand the mathematics of this perfectly.

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

Paschal Donohoe: My question is whether Mr. Bradshaw still stands over the belief that the State made money on this?

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

Paschal Donohoe: I thank Mr. Bradshaw for answering all my questions.

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 mentioned the three board members, to whom is he referring?

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 has indicated the relationship of those three members with the bank. Did all three leave the room? Did they not participate in this discussion?

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

Paschal Donohoe: When Mr. Bradshaw says "stay in the room" does he mean stay on the line?

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

Paschal Donohoe: How was Mr. Bradshaw compensated for his role as a non-executive director?

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 got a flat fee. Did Mr. Bradshaw have any shares or options within Anglo Irish Bank?

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 had shares in the bank.

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

Paschal Donohoe: Before we go on to that point, I want to focus on the issue of conflict of interest. I have been very careful and the Chairman has been very generous in allowing me lattiude but I am trying to establish the flow of meetings. Let me put it to Mr. Bradshaw that he owned shares in this bank. He had on the telephone line two other gentlemen who had shares in the bank, and shares in two...

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

Paschal Donohoe: Thank you for that clarification. Let me restate the question. Mr. Bradshaw had shares in one bank that was involved in funding this deal. There were two other individuals involved in it, one of whom was the chief executive of the other bank, Anglo Irish Bank. No, not at that stage. He was the chairman of the bank, excuse me. Each of the three individuals were closely involved with the...

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