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

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Mr. Williams is talking about due diligence and proper procedures. We are talking about multimillion euro deals and the public, which took a big hit with regard to these loans and what happened with the banks at the time. Mr. Williams says that due diligence was carried out in respect of this multimillion euro deal, but the fact is that there are no minutes and there was no written record of the offer to Avestus. As the chairperson of the board, does Mr. Williams think that is acceptable?