Results 23,041-23,060 of 34,780 for speaker:Seán Fleming
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: That is an issue with which the committee will have to deal. We will take a 15 minute break as we have been here since 10 a.m. If the three witnesses wish, they may take a minute or two at the commencement of the next session because questions were being fired at them which they might not have had an opportunity to address. If they are happy to proceed, we will do that, but if there are...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I ask Deputy Mary Lou McDonald to proceed.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: What page is it? We will display it on the screen.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I encourage the Deputy to conclude.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The Deputy will have a second opportunity to contribute.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We must proceed. This is the Deputy's last point.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We are going to conclude.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The Deputy will have another opportunity. I call Deputy Cassells.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I will ask Mr. McEnery to respond to that. I will not bring in the Comptroller and Auditor General at this point.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We will need it within the week.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I will be saying to the Chairman in the next 48 hours that we need that documentation now. We need a weekly response to every request from now on. Three weeks have now elapsed, which is unbelievable. We made the point three weeks ago.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The witnesses can take this message back to NAMA, although I am sure its other members are watching this. We had a list of 20 items. If there is an issue with one or two of them being released, NAMA can give us the rest so that we can get working on them and studying them.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Yes, with some of the documentation, but not all.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I wish to put a few questions before we proceed to the second round. When we get to that round we will try to be tighter with our time because it has been a long day, and I thank the witnesses for that. I have a few brief questions. Essentially, you had a minimum price of £1.3 billion. In the course of the process that was reduced to a revised minimum of £1.23 billion. Perhaps...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The final price was £1.322 billion. What was the reserve price at that stage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: You started with a minimum price of £1.3 billion-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: -----and then £74 million came out for some reason, so there was a revised minimum value and you got your amount. I am referring to pages 99, 100 and 101 in the Comptroller and Auditor General's report. Appendix A states, and it is minuted in your board meetings, that before the cheque was handed over Cerberus tried to get a few bob off the final bid. The NAMA board responded, and it...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: You are not familiar with it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: It is £1.23 billion. NAMA believes it is due £35 million back, so that brings it down below £1.2 billion.