Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

On the particular deal, in the light of circumstances and the knowledge available at the time, it seemed that NAMA had done a good job. As a matter of fact, the Comptroller and Auditor General's office conducted an audit in 2014 and did not bring to my attention or that of anyone else that it had a problem with the sale of Project Eagle in terms of a loss to the taxpayer. That was after the event. Now that there is a more careful study, with access to greater information, the Comptroller and Auditor General has arrived at a different opinion as he is absolutely entitled to do. That is in conflict with the opinion being expressed by NAMA and I cannot resolve it for the committee. There is a difference of opinion, but it is a difference of opinion between two highly respected agencies and people.

Comments

No comments

Log in or join to post a public comment.