Dáil debates

Wednesday, 29 March 2017

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion

 

7:05 pm

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Why was it not left open to ten, 12 or 15 bidders, like anyone else would have done? If one throws open a process, the more bidders there are, the more the merrier and the more money one gets from the sale. That is the way it goes. Why was all of it confined? It came down to just two bidders, Cerberus and Fortress. Why were there only two left in the end? I have a lot of questions. There are a lot of question marks, but we did not have the power as a committee to investigate. It takes a stronger power to do that. I believe a commission of inquiry should be set up now.

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