Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Photo of Patrick O'DonovanPatrick O'Donovan (Limerick, Fine Gael) | Oireachtas source

The people who are at the centre of this were on the news last night. They have to rear their families and live in this development. They bought the properties in good faith. This wound up, along with everything else, almost pulling down the country. It is a symptom of everything that was rotten in this country. They are stuck in the middle of it. A receiver was appointed. It appears that the expertise that was available did not carry out as good a due diligence as should have been done in respect of citing a very obvious flaw, that this building is not in compliance with the building regulations. What the owners are hoping to hear today is that somebody, namely, NAMA, will take responsibility for this and fix it.

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