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

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail)
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No, I am asking about the release of guarantees taking place as a condition of sale. I will give an example. To Mr. Mulcahy's knowledge, notwithstanding the fact that he was not directly or specifically involved in loan sales, would a memorandum of understanding of this kind ever have been a precondition of the sale of a loan by NAMA to an investment company? Would NAMA have stated, "We are selling you X for Y, but you have to release everybody out the gap from their corporate or personal guarantees"?