Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

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

10:00 am

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

I put it to the witnesses that subsequent revelations, I believe, reflect the fact the board acted most unwisely at this juncture. We have criticised other parties for not intervening in different ways. From my reading, it was most ill-advised of the board. Now that there are inquiries in three separate jurisdictions in respect of this transaction, it reflects the lack of wisdom demonstrated here, where the board was given information that should have, as somebody said earlier, set off an alarm bell the size of Big Ben in their heads, and yet they went along with it.

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