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

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

When I read about it, I see a very limited approach. NAMA started with three bidders. As we have said so often, it was kept deliberately small for a small number of people. Other firms were excluded. Mr. Collison has said that if there had been an underbid, there would have been a lot more bidders. In reality, a lot more bidders were kept out because it did not suit the strategy, but that is entirely NAMA's business. However, what I read in the report of the Comptroller and Auditor General is that NAMA did not justify or explain it. That is the theme throughout.

Comments

No comments

Log in or join to post a public comment.