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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

As a matter of fact, to keep ourselves on the strait and narrow, when the Comptroller and Auditor General carried out the audit in 2014, it noted that NAMA had incurred a large loss on the sale and that the process had been compressed. In addition, it had a concern about the circumstances surrounding PIMCO's withdrawal from the sale competition. The Minister is correct to say the report, as we have it, had not been produced, but for the purposes of accuracy, the loss was, in fact, noted, as was the compressed nature of the process.

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