Results 12,861-12,880 of 14,090 for speaker:Marc MacSharry
- 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) Marc MacSharry: Was it a failing of the SCSI that unqualified people were enabled to perform the appraisals?
- 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) Marc MacSharry: I turn to the converse of that, which is where I gained the experience to which Mr. McDonagh referred. This was declared in the previous term of the Committee of Public Accounts, that I had worked as an auctioneer and, on one occasion, had been handling a receivership file for individual private homes. If someone was selling a three-bedroom semi-detached property at that stage, by NAMA's...
- 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) Marc MacSharry: I am bound to suggest that perhaps we did not focus as much on the larger valuations as we did on the lesser ones, and that might have been a lesson, although it is ten years ago now. When we got to the sale of Project Nantes, the Avestus portfolio had already performed well because there had been two large and very profitable disposals and others that broke even. Then we came to Project...
- 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) Marc MacSharry: I know it is not the way it works generally. I am saying that, in the context of this and, similarly, of Project Eagle, it is a matter of fact that valuations were not done, that competitive tension was not sought in the normal way and that mistakes were made in aspects of the valuation. My question, in effect, is whether this was looked at in isolation and decided that, as one of the 800...
- 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) Marc MacSharry: Were there many occasions after Project Nantes and Project Eagle when NAMA gave exclusivity?
- 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) Marc MacSharry: I do not have much time. Mr. McDonagh is a regular attendee at this committee so he knows how to talk down the clock. I have only three minutes left so maybe Mr. McDonagh will get to that point in somebody else's time later. I have a few other questions. At what point during the normal company searches that can be done did NAMA become aware that somebody was a director and shareholder of...
- 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) Marc MacSharry: Were searches not carried out? I can do a company search while sitting here to find out what Mr. McDonagh is a director of, and he could do the same in respect of me.
- 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) Marc MacSharry: The question is whether NAMA conducted searches.
- 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) Marc MacSharry: Was that a failing, in hindsight?
- 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) Marc MacSharry: To bring this back to my direct experience, if the first cousin of a developer, who he had not seen for 30 years, was seeking to purchase a house that a receivership was selling, NAMA would not have allowed it.
- 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) Marc MacSharry: Was that a failing in the legislation? Is the legislation not sufficient? If I were a developer and my house was taken off me, I could give the money I had under the mattress to my first cousin to buy the house. If I signed the section 172 declaration, NAMA would be out the gap legally but I would get my house back from my cousin because I gave him the money to buy it.
- 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) Marc MacSharry: Is there legal recourse against such people for making false declarations?
- 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) Marc MacSharry: Has NAMA sought legal recourse against this individual who happened to be a director of both companies?
- 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) Marc MacSharry: It was more than being asked to be a director. He was a shareholder.
- 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) Marc MacSharry: Was he not a shareholder in Clairevue?
- 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) Marc MacSharry: Is Mr. McDonagh certain of that? I do not want to name the individual.
- 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) Marc MacSharry: That was a function of the section 172 declaration. Does any forensic accounting go on after the fact to investigate these matters?
- 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) Marc MacSharry: Would NAMA's then head of property management - again, I will not mention the name but we know about whom we are talking - have been aware of any of 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) Marc MacSharry: Was he involved in this transaction?
- 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) Marc MacSharry: Is Mr. McDonagh satisfied that the man in question would not have been aware of these connections?