Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I welcome Mr. McDonagh to the meeting. My first question is on rental incomes. Mr. McDonagh indicated that 90% of all rental income of NAMA properties is being diverted directly to NAMA. Heretofore, I presume that a great deal of that rental income was not going directly to NAMA and that many of the accounts relating to properties, office blocks, shopping centres, etc., were held offshore in different parts of the Continent and further afield. In respect of how many of those accounts can NAMA be assured that money was not siphoned into loan accounts that were not NAMA related that were being paid off or, even worse, put on deposit in other parts of the world? That is the first question.