Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

We will move on. I was concerned by the mention of wrongdoing, particularly the allegation made by a Member of the Oireachtas, and I wanted to air the matter with the witnesses.

I wish to ask about NAMA's presentation to the committee today so that people can get a fix on NAMA's overall situation. We could address a large number of issues exclusively, but I just want a picture. Instead of my asking a question, the witnesses might tell me whether I am right about the document they have provided. They stated that NAMA had generated €29 billion in cash collections to date and repaid bonds of €21.7 billion. The difference between the cash generated and the amounts repaid is €7.9 billion.

The balance sheet shows the agency has €1.8 billion in cash, or cash equivalent. Could Mr. McDonagh tell us where the €6.1 billion is or has gone? NAMA has collected €29 billion and repaid bonds worth €22 billion, and it has cash in hand worth €1.8 billion. There is about €6 billion remaining to be accounted for. Could Mr. McDonagh talk to me about that and tell me where it is? I do not see it.