Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
2:40 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I welcome Mr. Daly, Mr. McDonagh and their colleagues from the agency to the meeting. I would like to take up where the Chairman left off. Mr. Daly mentioned that one of the files which Mr. Farrell sent to himself via his wife contained information on the price paid by NAMA for loans and stated that there was no evidence that information had made its way to any third party. Does Mr. Daly accept that information would be extremely valuable to any prospective purchaser of assets from NAMA, as it would provide such person with critical information in regard to the price paid by NAMA for the loan and would be a strong indication of the price which NAMA might accept for the property? Would Mr. Daly accept that this would be the case if that information did get out, despite that he has no evidence that this occurred?
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