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 Alan FarrellAlan Farrell (Dublin Fingal, Fine Gael) | Oireachtas source

Given the nature of the information, as well as the value, the size and number of the assets provided for Cerberus and any other bidder for that matter, for it to then suggest €20 million worth of assets did not exist is quite remarkable. I know that Cerberus has withdrawn this counterclaim. However, it had emanated from a thought process in New York over time. What was the nature of that process, given that it came to a particular rounded off figure?

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