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. Alan Stewart:

I appreciate my notes on this are unclear, as I said the last day, and I cannot fully account for them. The Deputy and I had an exchange about it. The Project Eagle process had been with NAMA for several months, referenced April-May 2013. We were able to establish that it was not with NAMA from April or May 2013, and a moment ago the Chairman mentioned the first notice was the July letter, which I learned subsequently. When they referenced it and said it had been with NAMA, it was clear that it had not been with NAMA from April or May 2013, so that cannot have been right. Admittedly, my knowledge about timeframes regarding when NAMA would have first become aware was limited at the time. That was what I took from it.

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