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
Mr. Seamus McCarthy:
It was in the light of a bid having been accepted, in effect, and the fact that they were working on the disposal. NAMA's principal argument was that additional impairment should not have been recognised as it was a sale that might not proceed. I think it took accounting advice from accountancy advisers and presented a paper to us justifying it. We accepted this.
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