Dáil debates

Tuesday, 14 July 2015

3:45 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

The alleged division of funds is internal and it has no relevance to NAMA's open competitive sales process.

I repeat that NAMA is responsible to the Oireachtas through the Committee of Public Accounts, which is chaired by Deputy McGuinness. The Deputy had the principals from NAMA in before his committee last week. Both the Committee of Public Accounts and the Comptroller and Auditor General are the agencies in this jurisdiction for dealing with issues of NAMA. When it became known that the compliance section of Pimco brought it to the attention of the Minister that there was a reference to a fee being paid, an end was put to that particular company's process in so far as that loan portfolio is concerned-----

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