Results 841-860 of 10,843 for speaker:Matt Carthy
- Covid-19: Statements (8 Oct 2020)
Matt Carthy: I asked the Minister a question.
- Covid-19: Statements (8 Oct 2020)
Matt Carthy: That was the only information for which I asked. Will the Minister ask one of his media monitors to go through the Twitter feeds of political correspondents from Monday regarding the response from Government sources to the NPHET recommendation of the evening before? It was an outright attack. It was broadcast live to every home in the country that had "Claire Byrne Live" on a television...
- Covid-19: Statements (8 Oct 2020)
Matt Carthy: Is it not ten minutes?
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: I thank Mr. McDonagh and our other guests from NAMA. I am new to this committee and it is the first time I have dealt with a file of this nature. As such I would like to get "Yes" or "No" answers to my questions for my understanding of the situation with Project Nantes. The witnesses may tell me if I am wrong on any account. The first premise is essentially that NAMA is suggesting the...
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: What we know about Quinlan Private is that senior people in that company essentially set up a new company to manage their debt called Avestus.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: It was essentially the same people.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Avestus is then retained by NAMA to manage Quinlan Private loans but NAMA did not designate it as a NAMA debtor.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: NAMA did not put any arrangements with Avestus in writing.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Then Avestus is privy to the target price that NAMA set out.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Am I correct in saying that throughout this process NAMA was unaware that a director in Avestus was also a director in Clairvue?
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: No, but he was a director in-----
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: -----the company that was managing on behalf of NAMA but also in the company that eventually purchased the-----
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Overall, in terms of this portfolio, the Comptroller and Auditor General has suggested that there was an undervaluation to the tune of approximately €29 million. Then we have a situation where, on the valuation NAMA had placed on the file and very conveniently with the Project Nantes portfolio, Clairvue offers, through a non-competitive process, essentially the gap NAMA needed to...
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: At the same time, however, it is fair to say that most people did not know that this portfolio was even on the market. Thus there was a situation where a company that had an interest in purchasing this portfolio had, as a director, someone who was aware that NAMA had a target price to achieve and that company, very conveniently, valued that portfolio at almost the exact amount NAMA needed to...
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Okay.
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Does Mr. McDonagh think it might be conceivable that person might have been in negotiations with that company in respect of whether they might take up employment or a directorship prior to that?
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: These are the facts as we know them. The Comptroller and Auditor General has suggested that the overall portfolio was undervalued to the tune of €29 million. There has been a suggestion that on the Nantes project a loss was incurred by the taxpayers in Ireland of €10 million. Mr. McDonagh is suggesting that it has only been €3.5 million. All of these things are...
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Would it have been better if somebody in NAMA had done a little bit of research to find out whether somebody was playing on both football teams at once?
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: Can Mr. McDonagh be sure that it will not happen again?
- Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020) Matt Carthy: I want to return to this notion that the director of Avestus was handling the sale on behalf of NAMA or was, at least, advising it and was also a director of Clairvue which was the ultimate purchaser. There are two subsections to my question. The reason we know or became aware of this was that a former Deputy, Mr. Mick Wallace, informed the House of that information. Was NAMA aware of that...