Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
4:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Perhaps it is better to put it this way. There is no reason the State could not purchase that property or write down what NAMA must hand back to the State, on the basis of NAMA transferring it to the State. That arrangement could be made. However, the anticipation of NAMA is that there will not be much more than that.
I was not suggesting that there was a conflict of interest. Frankly, I do not know any of the details and I am not making any suggestions either way but the point is that potential exists if there is not an adequate cooling off period. There is nothing to stop it if what NAMA is in the business of doing can potentially confer significant commercial advantage on a person.
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