Oireachtas Joint and Select Committees

Wednesday, 16 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of NAMA: Discussion

2:30 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

I welcome the delegates from NAMA. Am I right to assume that anything the agency sells from now on will be in single or much smaller lots than has been the case heretofore? How is the situation resolved where there is an equality of bids? In regard to Project Eagle and so on, I will not mention any names but I am inclined to assume it was parties other than NAMA which may have sought to corrupt matters by virtue of the fact that people held themselves out as having a power, value or influence they did not, in fact, have, legally or otherwise. There is also the fact that because it was a different jurisdiction, people were inclined to assume things. A lot of it was poppycock and there was no legal basis for what was claimed. I have seen no evidence whatsoever that NAMA acted in any way incorrectly, but I would like the delegates to confirm that.

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