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. Brendan McDonagh:

There are technical aspects to it. We put it in the data room and said it was a security and that it was for sale. It allocated a bid amount against it. It understood the security to have some additional assets because they were associated with it originally but had been sold. We were very clear in the data room that they had been sold. It stated it had bid for it on the basis that it thought all of the assets were included. We said it was very clear that they were not, that we were only selling part of them.

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