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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: What did the NDFA do after the profit warning in July?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Did the NDFA have any concern about the liquidation of Carillion at any point during that process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: What safeguards were put in place? Did Carillion assure the NDFA that liquidation would not happen after the July profit warning?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: There was a subsequent profit warning in September and another profit warning in November. When did the light go on that this place was going down the tubes and this company was no longer there? It was not just profit warnings; 25% of shares in Carillion were being shorted at the time by companies like Blackrock, which the State has many engagements with. There were other warnings about...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Mr. O'Neill says the debt was ring-fenced but the company increased its debt by 50% between September and January, within that three months before it went into liquidation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Given all of those assurances, how could the NDFA learn any lessons? Mr. O'Neill has just told me that everything was in place. Every assurance was made, the debt was there, the company was paying and all the rest of it. Regardless of what the auditors said, the NDFA was getting the assurance and was satisfied that everything was going to be okay. As such, how can it learn any lessons?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: It was not shortlisted. Did it apply to be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Was it on the pre-qualification list?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Was that due to concerns on foot of the profit warning?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: I go back to the core issue. In correspondence to the committee, the NDFA indicated that it expected the contracted works company under the PPP co-entity to honour all of its obligations to the subcontractor. How did the agency expect they could do that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Which company is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: That is a red herring. Mr. Cahillane is only talking about the subcontractor, which is Sammon.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Sammon is in liquidation. We are talking about the numerous subcontractors in every part of the island of Ireland. Mr. Cahillane is saying he will ensure the liquidated company will honour its obligations to the other liquidated company. The problem is that all the other companies, which might end up going into liquidation, will be on their own.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Yes, but it was not paid on to the other subcontractors

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Does Mr. Cahillane know how many subcontractors Sammon had?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Does he have any indication of how many are still owed money by Sammon?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: I appeal to the agency to do something. Surely the witnesses can go and look at its contract with Woodvale. The best way to show empathy, which the witnesses said they would do, would be to ensure Woodvale engages with the subcontractors. It would be wrong to take advantage of subcontractors by benefitting from their work without paying them. The State and its legislators have an issue...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (3 Jul 2018)

Pearse Doherty: 68. To ask the Minister for Finance the number of times the Financial Services and Pensions Ombudsman has used its discretion to examine cases outside the designated time limits since the passing of the Financial Services and Pensions Ombudsman Act 2017; the circumstances of each case; and if he will make a statement on the matter. [28693/18]

Written Answers — Department of Health: Home Help Service Provision (3 Jul 2018)

Pearse Doherty: 278. To ask the Minister for Health the reason a person (details supplied) in County Donegal has had home help hours reduced; and if he will make a statement on the matter. [28729/18]

Written Answers — Department of Health: Home Help Service Provision (3 Jul 2018)

Pearse Doherty: 279. To ask the Minister for Health if previously allocated home help hours will be reinstated for a person (details supplied) in County Donegal; and if he will make a statement on the matter. [28730/18]

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