Oireachtas Joint and Select Committees

Thursday, 29 September 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle

9:00 am

Photo of Shane CassellsShane Cassells (Meath West, Fianna Fail) | Oireachtas source

I appreciate that, and obviously the members of this committee appreciate the factual report Mr. McCarthy has put forward. What interests me is the response to it from NAMA. We we will hear from and question its representatives later. However, there seems to be bully-boy tactics at play. Deputy Cullinane asked about NAMA operating in the real world and Frank Daly, in his own words, said he wanted to deal "with real bids, not hypothetical suggestions". He asks, "Does anyone truly think that in a post-Brexit environment, with the resultant fall in UK property values, we would be better off?" and states, "I doubt it". Now he is using Brexit as a cover. It strikes me as a kind of Del Boy attitude in terms of what is being put forward. This is from guys who, in terms of the disposal of assets down in this part of the country, have left very decent people with a lot of anger and frustration. Again, what are Mr. McCarthy's feelings in respect of the assertion being made against him?

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