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

Mr. Oliver Ellingham:

If one takes the £1.223 billion plus the £74 million, it is approximately £1.3 billion. It is actually £1.322 billion. The £35 million on the table is not surprising. In a transaction of this size and with this disparate group of assets, there will be items that are disputed between the lawyers as to what cash was paid and when, should I have had that or should someone else have had it, etc. There would then be a discussion with Cerberus about clawing those back. We will revert to the committee about how we are doing with getting that £35 million back. It is something that the Comptroller and Auditor General has raised with us.

Comments

No comments

Log in or join to post a public comment.