Oireachtas Joint and Select Committees
Thursday, 10 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
In other words, NAMA has qualified this in the letter of clarification in the last week by saying that had the loans been evaluated, the 10% rate would have been applicable but they did not value them. The 10% rate is based on something that did not happen.
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