Matt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

Overall, in terms of this portfolio, the Comptroller and Auditor General has suggested that there was an undervaluation to the tune of approximately €29 million. Then we have a situation where, on the valuation NAMA had placed on the file and very conveniently with the Project Nantes portfolio, Clairvue offers, through a non-competitive process, essentially the gap NAMA needed to fill. A gap that Avestus was aware of and that this director, who happened to also be a director of the company that made the bid, was aware of. Is that correct?