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 Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

That is fine. May I make an observation based on Mr. Soffe's answer? The answer is obviously "No" because the process would not have been engaged in had the answer been "Yes". If NAMA had asked Cerberus for a guarantee that it would not be making any success payments to any third parties that, in turn, would make payments to anyone associated with NAMA, the process could not have been gone through. I take it that NAMA did not ask. The assurance was not obtained.

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