Dail committee demands answers over NUI Maynooth €750,000 loan write-off

The Dail's Public Accounts Committee (PAC) is demanding answers from NUI Maynooth over the decision to write-off a €750,000 loan to a failed subsidiary company.

The PAC has been exploring the use of such commercial companies by universities and other third-level institutions and at its meeting today members heard that NUI Maynooth has made provision for the loan not to be paid back.