Oireachtas Joint and Select Committees
Tuesday, 25 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. Donal Rooney:
I have direct experience of this. Any inquiry or investigation has two particular strands. One is you look at the evidence and you can pick out the particular evidence the Deputy mentioned. The second is the clarifications provided around that evidence, which management did extensively, to the Comptroller and Auditor General. All the clarifications provided to him around that point were that the 5.5% or, indeed, the 2.5% discount rates in the paper were just used for illustrative purposes. The real rate was 10% plus.
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