Marc MacSharry (Sligo-Leitrim, Fianna Fail)
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It emanated from the Northern Ireland authorities. Yesterday a witness told us that it had ended up with NAMA within three days of a three-way conversation that had included the Minister down here. I am trying to establish whether the people in NAMA knew about it at the time. They have said they did not. I want to take advantage of the fact that we have certain expertise before us and want to know whether that kind of thing is the norm. We have established from Mr. Corrigan that if there was a memorandum of understanding at play, it would have served to reduce the value. Mr. McGuinness said yesterday that, to the best of his knowledge, this had been the case and that NAMA had been informed of it. A NAMA board member has said it would bring down the value. That is why we are all here. We want to know whether there was a loss of money to the taxpayer. Therefore, it is perfectly relevant.