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 Catherine ConnollyCatherine Connolly (Galway West, Independent)
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Whatever about consistency, from my point of view, this is about somebody from the Department of Finance expressing such an opinion as Mr. Reid has done, as captured in this letter. The rest of the report is ignored, including the context of the report, the conflict of interest and the serious concerns around the sales process. Ms Nolan has mentioned competitive tension and so on. The concerns are exactly in relation to that, a lack of competitive tension. There was also the way that the sales process was limited, the limited information given to Lazard and the change of direction without records. On all of those aspects of the report, there was no comment from Mr. Reid.