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

Photo of Shane CassellsShane Cassells (Meath West, Fianna Fail) | Oireachtas source

Point 4 of your report talks about the reliance on the 5.5% rate and states that the rationale of the report's position was not sustainable. Does that statement in itself not call into question this whole process? Does it mean there are no other questions to be asked at all on the process? Does it not oversimplify what is at play? Ten minutes ago, you stated that you acknowledged there were technical breaches which you were examining with Cerberus. The Comptroller and Auditor General raised the processes, not just the discount rate, but NAMA is stating with one line that the position of the report is not sustainable.

Comments

No comments

Log in or join to post a public comment.