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Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: What was the cost of remediating the site and financing that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: The site was back in the minutes of the board from January but most of the records I have are redacted. Perhaps Mr. Maloney might come back to the committee in his formal correspondence with us if he has the board minutes. He could forward them or at least explain why the redactions are there.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: The final issue I would like to raise, which was discussed in detail with Ms Moylan and the Comptroller and Auditor General, is the time period liability cap of two years, which was then lifted when the guarantee was renegotiated. What happened?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: I thank Mr. Maloney for that clarification. The Comptroller and Auditor General in his findings criticised the record keeping related to these events. Has Mr. Maloney a comment on that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: I thank Mr. Maloney.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: I will try and get there in ten minutes. Mr. Maloney said he had been waiting four years so I want to give him the fullest opportunity to put everything on the record that he wants to. Mr. Moloney discussed Mr. Derek Quinlan at the meeting of 2 November and again on 7 December, but this time in the context of Derek Quinlan being part of the consortium and lending having been arranged. Was...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: We then move to the period from January 2007 and the minutes of the board meetings throughout that year. There is a brief mention in January and February, something to do with a bank guarantee, which is redacted in the minutes I received. Would the DDDA normally redact minutes of board meetings?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: But elements would be redacted for the public record?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: In February's minutes there is a paragraph on the bank guarantee and that is redacted. In March there is a paragraph on capital gains tax that is completely redacted. In April there is an update on tax planning. In May's board meeting a complaint to the Standards in Public Office Commission, SIPO, is mentioned. That was regarding a conflict of interest. Does Mr. Maloney remember the...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: No. Mr. Bradshaw may have dealt with it. With regard to Mr. Bradshaw, in advance of my arrival on the board and the board of Anglo and so on, I do not have the details. During my time there, SIPO had made a judgment on it that said the claim was not upheld.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: When did he tell Mr. Maloney that he was going back? The bid was at midday on the 25th.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: When did he tell Mr. Maloney his bid figure?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: He said he would go to €412 million.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: Did Mr. Maloney inform the board of that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: Mr. Maloney informed Mr. Bradshaw that he had agreed with Mr. McNamara -----

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: When did Mr. Maloney learn that the bid had been successful?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: Mr. Maloney would have learned that the bid was successful after a week.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: There was a normal board meeting on 2 November. The telephone conference on the 24th was exceptional in terms of finalising the bid. In the November meeting, the board approved and amended the minutes from the three October board meetings. The IGB site was discussed in that meeting according to paragraph 6.1 of the minutes. A paper was circulated on 1 November but then it emerged that...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: I could not find that anywhere.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Eoghan Murphy: Mr. Maloney immediately informed Mr. Bradshaw.