Oireachtas Joint and Select Committees

Tuesday, 22 November 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

Let us look at page 72 of the Comptroller and Auditor General's report at point 4.39, which says:

Following the media coverage, NAMA and/or Lazard received enquiries from a further ten firms. Two of these – Goldman Sachs and Fortress – were allowed to enter the process. Lazard informed NAMA that it had excluded the other eight firms, seven of whom it said were well known to Lazard and had excellent reputations.

If we look at page 75 and the reasons given for refusal and jump down to "Requests to enter process refused", they are to ensure confidentiality of the process and the need to adhere to timetable. Does Mr. Long not have the report?

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