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 Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

Please, Mr. Daly. Honestly, I will not interrupt you.

All of that is in Mr. Daly's statement. In Mr. McDonagh's statement, he argues about the 5.5% and the 10% all over again. This is about the third time. Really, the issues are as set out here. They are basic issues, namely, interest and how NAMA handled it, the sales process, whether the process gave reassurance to the Comptroller and Auditor General's office and so on. That is what is set out. I asked Mr. Daly if NAMA risk assessed a major change of strategy and he said it was not formally done, that there was an opportunity and that NAMA took the opportunity. Is that right?

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