Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

2:40 pm

Mr. Frank Daly:

On the Chairman's final question, apart from in the Farrell case, we are not aware of the purchase of any other NAMA property by a NAMA member of staff. The case mentioned is the only one of which I am aware. The only NAMA property which any staff member could ever hope to acquire is a principal private residence and only with prior approval and if the property has been openly marketed. There are no exceptions in this regard.