Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Take it from me as Chairman of the Committee on Public Accounts that from where I am sitting that is a gap in NAMA's governance. There should be some spot check or verification. That is all I will say. I am not making a formal statement on it but the witnesses can understand that I am surprised that there is no process of having a spot check to let everyone know that these declarations are being watched. I am still not sure, and the witnesses might be able to tell us, how many of the declarations NAMA has received were signed by organisations outside of the State versus inside the State. I am curious about that.

On the non-sale, did Mr. McDonagh have any direct contact with the purchasers of that portfolio around the time or at the conclusion of that sale?

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