Dáil debates

Wednesday, 10 June 2015

12:10 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

I do not accept that the liquidator has been dealing in an opaque way with loans that have disposed of. The legislation governing the liquidator provides that he must get an independent valuation of the loans and the loans must then be disposed of by way of open public tender. He cannot dispose of the loans below the value indicated by the independent evaluation - they have to go to NAMA - and he cannot dispose of them below that price.

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