Seán Fleming (Laois, Fianna Fail) | Oireachtas source

We will note and publish that correspondence.

Next are Nos. 593C(i) and (ii), correspondence dated 15 June from NAMA enclosing its response to a request from the committee to address queries raised by Deputy Wallace regarding the sale of Project Shift to Cerberus. According to the correspondence, NAMA expects the proposed commission of investigation to consider that Project Shift falls within its terms of reference and, on that basis, NAMA is of the opinion that it would be prudent not to comment further on these matters. The correspondence states that NAMA will co-operate fully with the work of the commission and, in the course of that work, expects to provide the commission with materials relating to Project Shift and to address fully any question the commission may have about the project.

For the benefit of viewers, Project Shift was originally a part of the Northern Ireland Project Eagle loan portfolio, but it was sold off separately during the course of the transaction, also to Cerberus. We will send this correspondence-----