Oireachtas Joint and Select Committees

Friday, 20 December 2013

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012

1:00 pm

Mr. Brendan McDonagh:

Effectively, they are working for firms that are dealing with agents. We appoint agents to sell the loans or we get debtors or receivers to appoint agents to sell the underlying properties. So they would be working for firms which might be in contact with those agents in terms of buying the assets. However, our modus operandi is that agents provide full information to all potential bidders for the assets in order that nobody has an undue advantage.

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