Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Brendan McDonagh:

I must be careful in what I say because I have met the Garda about the allegation. In fact, I wrote to the Garda Commissioner on the very same day that Deputy Wallace made the allegation and I asked that it be investigated. The Garda is investigating and has asked me not to say anything about it. All that I can do is assure the House that the company that allegedly paid money to exit NAMA is still in NAMA. It owes its full debts to NAMA and has had no debt write-off from NAMA. Whether the money was paid is for the Garda to investigate, but the company that was mentioned to us is, for want of a better term, still with us.

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