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PAC to discuss C&AG’s report into Dublin Docklands Development Authority with Paul Maloney

Former Chief Executive of the Dublin Docklands Development Authority Paul Maloney is before the Committee of Public Accounts tomorrow, Thursday, 12th December 2013.

Committee Chairman John McGuinness TD said: “Paul Maloney was the CEO of the Dublin Docklands Development Authority from May 2005 to July 2009 and is a key witness in the Committee’s investigation into the DDDA and the Glass Bottle Site project as he played a central role in the decision to undertake the Irish Glass Bottle Site (IGB) site project. He was also present for key meetings of the Board, was heavily involved in the selection of a developer to become a joint venture partner and was also involved in discussions on financing options.

Among the issues we would like to discuss with Mr Maloney are: his role in the risk assessment/risks which were identified and advised to the Board by the Executive, in particular the overheated property market; his involvement in the selection of Bernard McNamara as a joint venture partner; his involvement in deciding on the tender bid amount and his involvement in allowing Bernard McNamara latitude to increase the bid based on this expertise. We would also like to get an insight into why Mr Maloney submitted a letter to the Department citing a valuation of €220 million when, in reality, the Board was considering a bid of almost double that amount.”

This meeting will start in Committee Room 1 at 10am, Thursday, 12th December 2013.

Committee proceedings can be followed live here.

Media enquiries to:

Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2

P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
 
Committee of Public Accounts Membership
 
John McGuinness (Chairman)
Kieran O’Donnell (Vice Chairman)
Paul J Connaughton,
John Deasy,
Áine Collins
Gerald Nash,
Simon Harris,
Michael McCarthy,
Mary Lou McDonald,
Sean Fleming,
Eoghan Murphy,
Derek Nolan,
Shane Ross