Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

3:00 pm

Mr. Frank Daly:

The answer to the question about whether NAMA had been made aware of this confidentiality issue by an outside source is "no". What we were made aware of from the outside source was the sale of the property at Sundays Well. It was as a result of our own forensic examination or Deloitte's investigation into that transaction that we became aware of the leaking of confidential information. That information did not come from outside; it came from our own analysis of the property transaction.

Deputy Creed referred to my saying that fewer than ten e-mails had been forwarded electronically. I can categorically assure the Deputy that the information did not get out in any other way. As a consequence of our actions in the court, Mr. Farrell has made a sworn affidavit as to the extent of what he disseminated and in which he indicated that nothing other than what we currently have a handle on, which are the e-mails I referred to, was disseminated. We found no evidence of anything else in our examination of Mr. Farrell's house and so on. I am convinced of the fact that the limit-----