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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

The Comptroller and Auditor General stated earlier that he had some interesting discussions on semantics with the members of NAMA on the meaning of certain words in the context of the sales process, the sales strategy and the work-out value, the sales value, etc. As part of the preparation for this report, the Comptroller and Auditor General would have had a lot of communication with NAMA on the various drafts and NAMA had the opportunity to respond. In terms of the timeframe that would have been given and the type of issues that took up most of the time in those exchanges where NAMA had an opportunity to clarify positions or challenge the Comptroller and Auditor General's findings, would it be fair to say that most of that was concentrated on the sales process and on the differences in terms of the work-out value, etc.?

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