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 Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I had concluded on that issue and Deputy MacSharry followed up on it. I understood from that discussion that NAMA had only become aware of a possible conflict of interest. I have since looked at Dáil questions and they go back to at least July 2017, if not earlier. A question was also asked in July 2018. The Minister's reply states: "I am advised by NAMA that it is satisfied that it obtained the best achievable financial return". I am not asking Mr. McDonagh to go into the details but clearly, in response to this question and the issues raised, he must have looked at this issue. It is not news to him.

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