Results 32,101-32,120 of 34,942 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Mr. McDonagh does not believe so. For the record, the IBRC will appear before the committee next week and I will be asking its representatives the same question on that. Some people would think there is a case that there can be competition between the two organisations. There was a court case involving Coroin Limited, the hotel group, and NAMA officials would have given public evidence of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: There is a document on the public record of the courts in England. Therefore, there is nothing confidential about this. It is not sub judice. It is a previous case. I want to read an extract from the public court record of what was stated in the summing up, and I can provide this to anybody who wishes to have it after the meeting. It is on the public court record. It states Mr. Hennigan...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Has Mr. McDonagh any problem with what, on the face of it, appears to be a breach of confidentiality, with some of his staff - this was recorded in open court - clearly discussing people's business with third parties? Has he a problem with that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: NAMA's representative in the court contradicted that and it is on the public record subsequently. I have not read the full transcript of the court proceedings. What Mr. McDonagh has just said to us is that he, as the chief executive of the NAMA, contradicts the version in that e-mail that was sent to his staff member. He does not accept the accuracy of what his staff member received. Did...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Yet Mr. McDonagh contradicts it here months later.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: It is a matter of public record.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I am not here to answer your questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I asked Mr. McDonagh the question and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: -----I said, if the Chairman was listening, that I did not read the full transcript. I said that 30 seconds ago.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I said that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I asked Mr. McDonagh to tell me if I was wrong on this. I opened the conversation on this by saying that I had not read the full transcript and that I was just going to quote this from it. Mr. McDonagh said he disagreed with the transcript and that is fine. That was not said in open court but he is saying it here now. All I will say on that, and I will conclude on this point, is that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I understand that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Yes, that is fine. I am pleased that NAMA still has some money available in the first six months for current impairments. Up to now, it has been addressing those impairments at the end of each year. I have two other questions to ask in respect of this particular document.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I am moving faster than most other members. I am not making speeches, I am posing straight questions. Will our guests indicate the purpose of the IBRC repurchase agreement scheme of €15 million? This is detailed on page 12. People will be intrigued why NAMA was obliged to take the Minister for Public Expenditure and Reform to the District Court in Longford to obtain an order of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: We know that. I would ask NAMA to go easy on the Minister in the future.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Could the Minister for Public Expenditure and Reform not have volunteered the key to the building to NAMA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Is it often the case that companies with which NAMA is dealing are struck off?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: I had not heard that before.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: How many of the 800 companies involved in NAMA's business cases have been struck off and no longer exist?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Seán Fleming: Was NAMA required to go to the District Court in circumstances where it wanted to access the properties of any of those former companies?