Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Public Accounts Committee

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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Is it not extraordinary that Mr. Rowntree was not made aware of any of this as a member of the board? I am trying to get at the process. We want to establish whether the processes within NAMA were robust enough to withstand potential breaches of process. When there is a conflict of interest and when a conflict of interest arises, we must make sure in every organisation that there are best and robust practices in place. It does not seem to have been the case in this situation because it is now established there were conflicts of interest. The Minister for Finance in the South was here last week and he said he accepted the process had become corrupted. That aside, surely Mr. Rowntree must have a view as a former member of the NIAC of whether the process was robust enough in respect of declarations of interest.

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