Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:40 pm

Mr. Brendan McDonagh:

On a personal level I assure the Deputy that if somebody has transferred assets to a third party, be they a family member or whatever, and we believe that they are our assets we will pursue them. We go through a process with a debtor to try to get him or her to return the assets to us consensually and as I said in my opening statement, we have got back over €500 million on that basis, but where people try to hide assets from us, and we suspect hidden assets, or they have transferred to third parties who will not return them, we openly say to them that we will pursue them through the courts and the evidence, which is in the public domain, is that we have done that.

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