Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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I am aware of the Minister's position and he said earlier, in his opening remarks and in response to a question, that he made it very clear that this should be a fully competitive and open process. We have a report from the Comptroller and Auditor General which cites concerns that he had as to whether the process was competitive. More than that, however, and this is what the Minister is avoiding, Mr. Frank Daly said last week, conceded indeed, that this was not a fully open sales process and went on to justify why it was not thus. He said that NAMA "did not believe that a fully open sales process would yield any additional benefit" and that the agency was "very cognisant of the [political] damage that a fully open process could cause". While the Minister might have had a view that this should be a fully open process, is he concerned that Mr. Daly conceded last week -----