‘Scathing’ report caused tension in agency, says Shannon Development chief

THE chief executive of Shannon Development yesterday admitted to TDs a report into its property management was “scathing” and had caused tension within the organisation.

Kevin Thompstone was giving evidence to the Dáil’s powerful Public Accounts Committee probing controversial land deals.

State spending watchdog the Comptroller and Auditor General (CAG) John Purcell described plans to sell a site at Gilloge, Clare, in 2004 for €3.3 million - despite it being valued at over €6m in 1994 - as “extraordinary”.