Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Terence O'Rourke:
I mean, in the case of AIB transferring loans to NAMA, AIB got what NAMA valued the loans at. AIB, you know, took ... so from the point of view of our audit of AIB, all we could do is accept the values that AIB got and that was it. So we didn't have a view on it, one way or the other, except to make sure that AIB recorded the correct values in which loans had been transferred.
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