Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

Yes, but that was with the receiver. It was not with the NAMA staff who were there in 2019 or 2020. The assets are worth what they are worth, the €265,000. Do we gloss over anything? We certainly do not. We had to make a very tough decision about what we were going to do. The alternative was to leave the assets there at the end of life of NAMA, hand them over to the Minister in 2025 and say, "We could not sell these assets, there are big problems with them but, by the way, it is not our problem and you can find someone to deal with them." However, that is not what NAMA does. We had to make a decision. If that had-----

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