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Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: As a risk officer?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Another measure was strengthening the board of directors and management. Has that taken place?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I know this is before Ms Larkin's time, but what is Bord na gCon's track record over the last 20 years concerning the disposal of property and land that she is aware of?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Even the recent history of it?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Before that, were bits of Shelbourne Park sold off?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: How much was involved in that?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: So the land was sold in 2001, just beside Shelbourne Park, and Mr. Murnane does not know how much Bord na gCon got for that?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Can Mr. Murnane supply it to the committee?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I imagine that shows up in the accounts somewhere.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: It is remarkable that Mr. Murnane would have to do so much research into one sale of land in 2001.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I understand that, but Mr. Murnane said it was already brought up at a committee meeting, so he was aware that perhaps this question would be floated again today.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Is the data missing?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Is there anyone in the old building in Henry Street?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: Does Mr. Murnane have the key?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I am not trying to be flippant but I find it unusual that a previous Dáil committee raised questions over this, yet when this committee deals with it we still cannot get the answers about the cost or what was taken from the sale of that part of Shelbourne Park.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I imagine that Mr. Murnane's priorities should also be, as he said, to move on from the previous board and show a level of competence and confidence going forward so that people can say this is the board that will fix it. When I cannot get a figure for a sale in 2001 that was already raised at a previous committee meeting, it is hard to understand.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: But Mr. Murnane will be able to supply it to the committee?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I know that Mr. Murnane was not there at the time of the Limerick situation as part of the report, but the Department would be aware of what happened at the time when the Limerick situation was going on. Were any red flags being raised?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: I welcome the delegation. Deputy Costello has mentioned much of what I intended to raise, including the debt problems and the pension plan. The Indecon report sets out how assets are to be sold. I know the delegation will not divulge what Bord na gCon would like to receive for these places, but I ask what is the plan B if sales are not realised.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Paul Connaughton: On that point, Bord na gCon is in a financial hole at the moment as a result of previous years. The new board’s job is to try to fix the situation. Has the Department imposed a deadline? I note that Bord na gCon did not have a chief financial officer before this new board was established. Who is the financial expert telling the board that this plan is credible?

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