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 Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I accept that. Mr. Soffe is giving the exact same answer as Mr. Daly, and he is standing by that again today. The Comptroller and Auditor General said - in my opinion, gently - that NAMA should have done more and Mr. Soffe has again said "No" today. I will not waste any more time on the issue. Mr. Soffe has said "No". In my opinion, that is wrong. At the very least NAMA should have followed up on it. In hindsight, at this point and in view of all that is known, it is extraordinary that no one in NAMA is, at the very least, saying "Hmm". That is the first point.

My second point relates to the bidding process. I do not come from that background but I have read a lot at this point and I am tiring of listening to talk of nine bidders. There were not nine bidders. Let us put that to one side. I tried to do that on the previous day. The witnesses are using up valuable time coming in here and talking about nine bidders. There were three bidders. Is that correct?

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