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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: It appears that once you hear this information from Mr. McNamara, there will be conflicts of interest. Mr. Bradshaw has one immediately.

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

Eoghan Murphy: Perceived or actual - that is a point of debate. There will be another one relating to the board and Seán Fitzpatrick and Mr. Declan McCourt.

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

Eoghan Murphy: That was already happening.

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

Eoghan Murphy: As Mr. Bradshaw said and perhaps Mr. Maloney said in his opening statement, documentation was already prepared.

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 this meeting and previous meetings, we have gone through how that actual conflict of interest was dealt with in the course of the meeting the next morning - the telephone conference call. Did Mr. Maloney and Mr. Bradshaw have a discussion either with Mr. McNamara or following that meeting about this perceived conflict of interest?

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

Eoghan Murphy: You left but did not talk about it?

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 first discussion was at 8 a.m. the next morning?

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

Eoghan Murphy: Would it be fair to say or assume that Mr. Declan McCourt was hearing about this change for the first time?

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

Eoghan Murphy: And Mr. Seán FitzPatrick as well?

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 is not aware of any contacts between Mr. McNamara and either of those two individuals prior to that meeting on 24 October?

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 anyone talk about objective bias at that meeting on 24 October?

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 not the word "objective"?

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

Eoghan Murphy: That was not discussed. In respect of the minutes of the meeting of 24 October, paragraph 5.2 states that the authority's valuation is suggesting a reasonable figure at €375 million. If we look at paragraph 8.1, we can see that the board agreed that the tender bid should be in the sum of €411 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: The executive is recommending €375 million and the board arrives at €411 million. I have two questions. How did we get from €375 million to €411 million? Are the minutes making a distinction between what the executive thought was appropriate and what the board thought was appropriate?

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 first question was how did we move from €375 million to €411 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: No.

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

Eoghan Murphy: Is Mr. McNamara making a distinction in the minutes between the executive and the board and what they thought was an appropriate bid? If the board is saying that Mr. McNamara can go to €411 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: At the time, the board was not in dispute with the executive.

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

Eoghan Murphy: Paragraph 8.1 states that if Mr. McNamara had some additional information which convinced him the bid should be increased, the board agreed that he could be allowed to increase the bid as he sought fit up to a maximum of €437 million. What does that mean?

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

Eoghan Murphy: You did not go into the details of why he came up with €437 million. It was his valuation.

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