Oireachtas Joint and Select Committees
Thursday, 8 October 2020
Public Accounts Committee
Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019
11:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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A portion of these loans related to the Irish market. A lot of the overseas loans had property which was going up in value, as was proven by the case of the two London properties, where they multiplied quickly and became very profitable. One part of the portfolio was in Ireland. Should a question not have arisen at the board where there was no independent valuation and where one outfit, Clairvue, was given exclusive rights to buy this?