Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
David Cullinane (Waterford, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
Paragraph 4.6 on that page indicates:
In October 2013, the Board approved a NAMA executive proposal to explore the possible disposal of the loans of the Project Eagle debtors to PIMCO... The paper presented to the Board for that meeting noted... "...in line with our Board policy... will only be recommending the sale subject to an open marketing process".
That was in October 2013 and the board was very clear it had to be an open marketing process. Does Mr. Long agree with that?