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
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Returning to Lazard as the sale advisers, Mr. McCarthy sets out very clearly that in this instance, and it was not unique, NAMA departed from what would be considered standard practice. He cites, for instance, that as loan sale advisers they are not asked to carry out a valuation. They do not give the kind of comprehensive marketing strategy that might be expected in normal practice.
It did not have control of the data room either, did it?
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