Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Photo of John PerryJohn Perry (Sligo-North Leitrim, Fine Gael)
Link to this: Individually | In context | Oireachtas source

If one purchases a job lot of properties, it can be more convenient than dealing with each individual title or security. The original loan value was £4.5 billion. What was the initial reason for acquiring the assets cheaply in the first place? How many due diligence exercises were carried out on them?