Oireachtas Joint and Select Committees

Thursday, 24 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

Mr. Frank Daly:

I acknowledged that a while ago that he has never recommended that. I just made the point earlier today that the real issue here for us in terms of our reputation, and maybe it is a conflation of the two, is a conflation of the fact that a probable loss of £190 million was identified and the fact of the Comptroller and Auditor General not receiving sufficient assurance that if we had not held onto the assets until whenever that we would have got a better price. That is the key issue for us.

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