Oireachtas Joint and Select Committees

Thursday, 24 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 Josepha MadiganJosepha Madigan (Dublin Rathdown, Fine Gael)
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It could be an administrative error, but I want to check it because it is important.

Deputy David Cullinane referred to Mr. Patrick Long from Lazard earlier. I know Mr. Daly referred to this matter earlier but I wish to go into it a little further. Mr. Long stated that he would not comment on the NAMA sales process because, he said, NAMA is a sophisticated organisation and it was not Lazard's place to advise on the sales process. That does not tie with what Mr. Daly stated on page 6 of his written statement, which was that "Lazard advised [NAMA] that there was sufficient competitive tension in the process with the remaining two bidders". That does not add up. Will Mr. Daly clarify that for me?