Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Photo of Shane RossShane Ross (Dublin South, Independent)
Link to this: Individually | In context | Oireachtas source

In the middle of the biggest property portfolio deal NAMA had ever done, involving the whole Northern Ireland portfolio, there was a massive cock-up. One third of the bidders had gone and NAMA just ploughed ahead. Surely the solution would have been to ask Lazards to get another bidder because the process had been fractured and damaged by the withdrawal of the person in question. Is that not correct?