Oireachtas Joint and Select Committees

Thursday, 17 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

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I want three issues clarified. I appreciate that the witnesses have come before us and have been very frank.

An Teachta Aylward asked about the restrictions that the bid could not be syndicated or finance pre-bid. NAMA put up this defence a number of times; Mr. Daly said this when he appeared before the committee. The restrictions in the process were to avoid what he called "tyre kickers". NAMA wanted people who had the ability to put in a serious bid, which is fair enough. That was the approach that was taken. Was that not also Mr. Mulcahy's in terms of the reason for-----

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