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 Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I thank Mr. Daly. The members have indicated in the following sequence - Deputies McDonald, MacSharry, Kelly and Madigan. I ask others to please indicate so that the clerk can take a note.

As Chairman of the Committee of Public Accounts I must ask NAMA the following. NAMA has criticised the Comptroller and Auditor General because he had no credible market-based evidence. In other words, he did not have knowledge of the market of valuation. At no stage did NAMA value the underlying properties that were part of the collateral. How can NAMA criticise the Comptroller and Auditor General on the market value of properties when NAMA, at no stage in this process, valued the same assets that NAMA criticises him for not having valued? Who thought of that?

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