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

Think about this: there has been a volte facein the decision-making at board level, moving from a firesale to a sale all in one go. A meeting took place in Stormont. There was a person on the Northern Ireland Advisory Committee at it. There is a letter from Brown Rudnick to Finance Minister Wilson that is effectively a letter of intent. If one looks at it in any other way, one notes it is basically saying a purchaser will almost be nicer to debtors, particularly in regard to personal guarantees. Did these factors, including the meeting in Stormont, not create some concern at board level in NAMA?

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