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:

I do not want to get into talking about individuals who are not here. However, we have another situation with a receiver who is facing intimidation and who did go to An Garda Síochána. Its members said to that receiver that they should engage their own security around that site while they were getting works done on that site. They were told people were making verbal threats and until something was done to the receiver, An Garda Síochána could not get involved. That is the situation you are faced with here. I will repeat it again. Nobody in NAMA was ever intimidated to my knowledge or in my experience but the reality here is that you had a third party professional receiver who decided he did not want to deal with this anymore, resigned, and the assets went back under the control of the debtors. That was the issue here.

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