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
Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source
Whether the best outcome was achieved is obviously questionable in light of the report of the Comptroller and Auditor General laid before us. That is open to speculation and is what we must assess. At a basic level, it concerns me that in respect of the process surrounding this and the limitations placed upon Lazard's engagement that Lazard was reluctant to say it should advise a client to assess what risk was there and that as advisers on competitive tension and trying to maximise the best value, ask the client about whether it had looked at everything in terms of having such a narrow focus on executing this sale.
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