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

How could it have been a competitive situation when, in Mr. Long's words, one of the two bidders left standing was not in the same position to make the same sort of bid as other bidders? That is what Mr. Long is saying. How could it have been a competitive process? First, if they were not approached by Lazard and they approached it, the reason Lazard did not approach them is that it did not think that they had the same level of cash-----

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