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.
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