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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
The issue of advisers has come up on a number of occasions. I have a question for the risk committee. I am sure Lazard would have dealt with it, but would NAMA have known who the advisers to each of the bidders were? Would that have been part of the bidding process, knowing who was advising who and also the structures of the companies with which NAMA was dealing? In other words, would NAMA have known that some of the entities involved intended to use section 110 of the Finance Act, for example, not to pay tax to the Exchequer? Would NAMA have asked questions about the structure of the companies that were looking to buy the portfolio? Did it have an interest in that aspect?
No comments