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
John Brady (Wicklow, Sinn Fein)
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I welcome the witnesses. I want to follow on from my colleague in relation to that particular transaction, the discount of 97.4%, which has been described as exceptional. I would go further. I would say it is extraordinary that such a discount would be imposed. I find it extraordinary and unbelievable, to be honest. I want to delve in and try to get some more answers about that. I will start with the relative. It is stated that, ultimately, it was sold to him or he promoted or he funded the business that ultimately ended up with this portfolio. What was the nature of that relationship? What kind of relative was he to the previous owners?