Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

But he goes on to describe how he, in one particular circumstance, and it's obviously had happened before, that he sat down and had a great conversation several conversations with the valuer and they haggled about how they could arrive at the valuation. And he explains how, you know, if you change the ERV and if you looked at the ... you could, it was money in the bank for him. And he's ... you know, it's quite a graphic account. I'm just wondering is this familiar to you, is this what happened? Was this what ... I mean developers sitting down with valuers to discuss and haggle about the valuation seems to me to be at odds with the professional guidelines and principles of your organisation, so?

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