Cormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

Obviously, the concern of the committee is not only the connection with that individual, which I heard the witness say he regrets, and it would have been better if it had been made known in advance of all this, but also the losses that materialised at the end of the day. We want to see the full value realised on behalf of the taxpayer.

I have a question for the Comptroller and Auditor General. His report states that "without the assurance of a contemporaneous asset valuation and a competitive sales process, I believe there is no basis to conclude that NAMA achieved the best possible financial outturn from the Project Nantes loan sale". What was missing in his investigations that means he cannot make a full definitive evaluation in terms of any impropriety, if one can call it that? His report also states: "Since Project Nantes involved a loan sale there is no reason to believe that there was any infringement of section 172 of the NAMA Act". How did he come to that conclusion?