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. Frank Daly:

Page 115 of the report of the Comptroller and Auditor General, in the appendix, which contains board minutes from 13 February, relates to the leak period. The final decision there was to give asset recovery and Lazard flexibility to increase the number of bidders involved in the process if genuine, credible interest arose. Regarding the three incidents the Chairman mentioned, certainly my recollection is that, at each time, we asked what the implications were for the sale. In relation to the media leak, obviously there was a concern but I believe it was more a concern around the quasi-political stuff and Northern Ireland. At that stage, it was out.

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