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

I preface my remarks by saying that nobody is suggesting NAMA is guilty of wrongdoing or crossing lines it was not expected to, or should not cross, or of any criminal act or anything like that. Nobody is suggesting it has been involved, or complicit, in anything like that. It is important for people to realise that. What is significant about what Mr. Daly has been saying here today, however, is that it may well have been utterly incompetent in what happened and got a very bad deal as a result of swimming with sharks or, possibly, due to naivety or incompetence. It appears that something is very badly wrong with this particular episode and that NAMA has certainly had an important role to play in it. That is where I differ with the witnesses so strongly about NAMA going to Northern Ireland. The excuse that NAMA is publicly accountable to us, which is absolutely true, does not merit its refusal to co-operate fully with the inquiry being carried out by the Northern Ireland finance committee.

Could Mr. Daly explain to us why he is prepared to give written, and not verbal, replies?

Comments

No comments

Log in or join to post a public comment.