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 Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I find that interesting. I asked that question because that has always puzzled me.

I have two other brief questions. NAMA's minimum acceptable amount was £1.23 billion, and it got £1.241, £11 million over the figure, which is 0.89% over. NAMA has said several times that if it did not get £1.23 billion it would not have proceeded. Are the board members telling us at this committee that they would have collapsed the entire process for that figure of £11 million.

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