Alan Farrell (Dublin Fingal, Fine Gael)
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I thank the Minister and his officials for coming before us. Notwithstanding what the Chairman has just said regarding the comments of Mr. Daly, the Chairman of NAMA, I have an observation to make about that line of questioning from Deputy Cullinane. My understanding is that NAMA is obliged to run a competitive process under the NAMA Act and if that is the case, would that not in fact be contrary to its own requirements? I appreciate that there were nine bidders, as Mr. Carville has pointed out. He has given the percentages and it is clear that they were some of the better bidders out there but, taking on board what was said and the fact that there is an obligation on NAMA under the Act - I cannot recall the exact section, but I think it was Part 7 - to ensure the best result for the taxpayer, then that would include -----