Results 13,541-13,560 of 19,173 for speaker:Shane Ross
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: The biggest investment that TVC holdings had was UTV. Was it not?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: It was, I can assure you. What was Enterprise Ireland doing investing so heavily in a company which was basically investing in UTV? Much of its core value was cash, as the witness is aware. Enterprise Ireland had a pile of money sitting there for a long time while it was investing in UTV as its biggest investment. It seems totally inappropriate.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: I know the biggest investment deal was in UTV, certainly from 2008. Enterprise Ireland was sitting on this company and basically investing taxpayers' money in UTV.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: The fortunes of taxpayers' money depended on the performance of UTV, because that was the biggest investment it had. It must have been, given the way the share prices were going to move, a very unsuitable investment for Enterprise Ireland to have. It probably diverted from its original purpose. Should Enterprise Ireland not have sold those shares a lot earlier once it was not fulfilling...
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: It is not me.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: It took over five years.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: It seems to be utterly inappropriate to invest in a company, depending on one's political view, which, in effect, operates outside the country. That seems wrong. Even if it happened by accident, presumably Enterprise Ireland should have got out much earlier.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: And it did not respond to Enterprise Ireland's overtures?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: Share prices shot up after Enterprise Ireland sold as well.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: Why did Enterprise Ireland sell at that time? Did it get advice?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: A bad decision.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: A bad decision to go in and a bad decision to go out.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: Did Enterprise Ireland get outside, independent advice to sell?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: From whom?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: Okay. At what price did Enterprise Ireland sell? What price were the shares at the time?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: So they went up. Does Mr. Donnellan know what the discount was to net asset?
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: That is a massive discount.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: To sell at a 30% discount is absolutely enormous.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: It is an extraordinary wide discount at which to sell.
- Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013 (12 Feb 2015) Shane Ross: A forced sale at a big discount such as that is-----