Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

The guy who is running this new company is not a relative of any of the debtors. He has received funding from the brother of the former owners but that is like giving a loan to the company. It is like taking a loan from Bank of Ireland to buy assets.