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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Here is the question for NAMA. Given that part of its conditions as agreed with Lazard, and we have heard from Mr. Long, was the prohibition of such contact between bidder and debtor and given that Cerberus got access to that type of information, and let us accept that NAMA was not the source of it, did that not really compromise matters and confer an advantage on Cerberus over the last party standing, which at that point was Fortress Investment Group?

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