Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

I thank the witnesses for attending at such short notice. No one present is alleging what could be called wrongdoing in a criminal or other sense by NAMA. There is no attempt to pin that on NAMA. Anyone who has tried to do so is wrong. However, this may be the most extraordinary sequence of events in a deal that I have ever come across in a State body. Having read about the unorthodox approach to Mr. Sammy Wilson before the matter was passed on to the Minister for Finance, Deputy Noonan, who then passed it on to NAMA, and the other sequence of events that is peculiar all the way through, with Tughans and Brown Rudnick acting for both parties and the fact that NAMA discovered in the middle of the bidding process that there was a fundamental difficulty, I wonder why NAMA did not call off the sale.

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