Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Arising from the exchanges in the past few minutes, I will make a few comments which may help as the meeting proceeds. Mr. Carville stated that €280 million was received in 2016 as an interim dividend, a further 25% payment will be made to the admitted unsecured creditors of IBRC and a further interim dividend of €280 million will be received in the next few weeks. This is all set out in the opening statement. The intention to pay an interim dividend is in the public domain and the witnesses are able to discuss that issue. However, they cannot discuss other matters. Mr. Carville will accept that members of the public may have difficulty understanding the Jesuitical approach being taken. I would like to tease this matter out with him. I note from a letter received from the special liquidator yesterday that representatives of IBRC have been advised not to attend the committee. The Department's letter essentially states that it is advised that officials from the Department will be available to discuss any other matter today. Mr. Carville has been advised not to discuss the issue that is before the courts.

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