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
Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source
Let us move on. Let us say a developer connection in County Westmeath was selling ten houses and NAMA decided to sell those ten houses. Mr. Daly should correct me if I am wrong, but I have some knowledge of the process. Would it not have been the case that NAMA would ask the developer connection to identify three sales agents to get three sales proposals and valuations from those sales agents? Then, those three proposals would get in to NAMA with proposed fees and so on. Then, NAMA would take a decision based, presumably, on internal NAMA expertise to the effect that agent number A will do and the minimum price will be A. Is that not correct?
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