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

Mr. Seamus McCarthy:

No. As I said, we have been looking at this for a year. We have considered it carefully. What I was looking for from the process was whether I could take assurance from it that, in running this process in the way it was run, NAMA got the best price. I do not see enough in the process that was run to take away my doubt in that regard. That is my conclusion in the report. There is no single broken link in the chain, but when the process put together by NAMA, the way it evolved and the way in which it was run were taken as a whole, I did not get sufficient assurance that the price NAMA got was the best price that was achievable.