Results 5,061-5,080 of 20,400 for speaker:Brian Stanley
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: And intimidation to back it up. When this was put to them, was it ever considered that NAMA, the receiver and An Garda Síochána would sit in the same room and discuss this?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: As the chief legal officer of NAMA, was there any contact between his section in NAMA and An Garda Síochána and the chief superintendent?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: There did not need to be.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Mr. Stewart is charged with disposing of an asset on behalf of the taxpayer - an asset on which taxpayer has already taken a serious hit and that caused a crisis in this country. It is now being sold for a fraction of what it would normally be worth if the words "intimidation" and "threats" were removed from the equation.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I am not.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I am not oversimplifying it. I am setting out the facts we established here today.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Is Mr. Stewart telling me that there was no individual in this State who would have given €520,000 for it - who would have given double that?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Because of intimidation and threats, the sale price was hanging over. That is why.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I accept that it is a difficult one. I said that at the start. I can see that NAMA had a limited number of tools but what is infuriating is the fact that this was allowed to happen. In normal circumstances, these assets would have made multiples of that. I understand that NAMA had some tools as did the liquidator, An Garda Síochána and the local authority but between everybody,...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I will tell Mr. McDonagh what it was. What was allowed happen here was a national scandal. That is all I will say about it.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I want to ask about commercial housing developments and commercial developments generally. There is one sector remaining in the docklands. As has been said, a decision is required by Waterways Ireland. This requires North-South co-operation and the assembly in the North to be up and running. This is my understanding of it. With regard to the Poolbeg site, a development consortium...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Did NAMA incur any loss on the 20% shareholding of the company that owns that strategic development zone? Was any loss incurred?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Yes.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: How much of a loss?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: A loss of €10 million, okay. What caused the change of approach in respect of the holding of that 20%?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Construction costs have gone up across the board.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Someone building a one-off house is caught by those increases. How many social and affordable units does that site have?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: What percentage has been bought?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Only 4% is affordable housing.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: The social housing must be delivered.