Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

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

9:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour)
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The main issue for me is the process. We have gone through it in detail.

Regarding Mr. McCarthy's report, I feel from some of his responses today that he is hardening even further his position on this process. Of particular relevance is the fact that NAMA states that a number of other potential bidders were offered the opportunity but that this was effectively not the case at all. In many cases it was ticking boxes. The role of Lazard in this regard was a process of being brought in to tick a box. Is there anything in the evidence that has been brought forward that strengthens Mr. McCarthy's view on the weakness of this process, and if so, in what specific areas even further to what he has written in the report?