Oireachtas Joint and Select Committees

Thursday, 17 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. John Corrigan:

That does not mean there was a rush. The committee has already heard from my former colleague that these transactions can be completed in a relatively short period. Strategically, we decided to go ahead with the sale. It was a good idea to go ahead with it. I still believe it was a good idea to go ahead with it. When it broke into the public domain, as I mentioned in reply to Deputy Catherine Murphy, there was discussion at board level on whether we would press ahead with it. We decided to press ahead because it represented a good transaction in terms of NAMA's objectives.