Results 23,221-23,240 of 34,956 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: 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.
- 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 feel Cerberus got away with £35 million of assets that it had not properly-----
- 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 said you were going to pursue it. It is recorded in the board minutes before you received the cheque from Cerberus that you would go after it for £35 million. My point is that it brings the net amount you received from Cerberus, when you get this £35 million back, possibly at or below your minimum price. Give us the figure, because it is very relevant. Fortress Investment...
- 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 extraordinary from the Irish citizen's point of view that, two years on from when the board decided, according to its minutes, to chase Cerberus for the £35 million, the board members present today do not know whether that happened.
- 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: Has NAMA received any of the money back?