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

That is what it looks like to me, I must say. It looks to me like there are so many coincidences happening here.

Big players are withdrawing, another lot are coming in with a bid which they know will not succeed, and one group gets through the hoops by €1 million, a tiny amount. That is not competition. I still cannot understand how, when NAMA saw this, it could say there was competitive tension, which is a pretty diluted phrase. Surely it should have said, "This stinks. We are going back to the drawing board."

Comments

No comments

Log in or join to post a public comment.