Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
Mr. Seamus McCarthy:
In September 2015. We wrote to inform them that we would do a separate value for money examination of Project Eagle. The engagement then between the team and NAMA went on over the period up to December. We ended then with a statement of facts and evidence, which we sent to NAMA on 8 January 2016. It did not have any conclusions in it. It was basically, "Here are the results of our field work". We asked them for their comments. The team met with NAMA officials. They went through that. We drafted the report taking account of what they had said to us and then there were a total of four drafts of the report.