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:

It is not uncommon for bidders on portfolios buying from NAMA or anyone else to negotiate, get a hold of the assets and tell debtors that they will do a deal on personal recourse if the debtors give them control of the assets. That is not unusual here, abroad or in any bank.

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