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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We are not going to get bogged down in it today. We will have to come back to it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: I call Deputy Josepha Madigan. When she concludes we will take a short break. When we come back the following speakers will be Deputies Connolly, Burke and Aylward. We have been here for almost two and a half hours so we will take a short break after this speaker.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We are back in public session. I call Deputy Connolly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Deputy Connolly, I am going to stop you now with this talk of a damning indictment. The man is not here to defend himself and we cannot make any remarks on it. I am making an absolute ruling.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: You cannot say those words about anyone.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: I do not know of this report.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: This has happened here before since I became Chairman. People have been reading from documents and asking the witnesses to respond to documents that witnesses have not had in front of them and that the committee was not familiar with. In fairness to the committee members and witnesses, you will have to circulate that document beforehand. It is difficult for any witness to be asked to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We cannot talk about that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Deputy Connolly's time is up. Deputy Connolly will get in a second time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Mr. Reid?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: What date are we talking about? Approximately, what month?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: 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) (6 Oct 2016)

Seán Fleming: Deputy Connolly is well over time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: It is the one in the Northern Ireland Assembly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We are nearly finished. I will give Deputy Burke a moment because he will be the next speaker but has just returned to the meeting. There are a few questions for the departmental officials arising from the first round of today's meeting. The Department contacted the Comptroller and Auditor General about his report and said it had a couple of issues. Ms Nolan said earlier that the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: So Ms Nolan is saying that the Comptroller and Auditor General meeting the chairman and chief executive of the board was not adequate and that she felt that those two men could not adequately represent the board? Why would she think those two people did not adequately represent the board and that there was a need for the Comptroller and Auditor General to meet other board members? I have to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: In a way, Ms Nolan would support our decision to meet the board members?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: The Comptroller and Auditor General has produced special reports on several other State organisations such as the Dublin Docklands Development Authority regarding the Irish Glass Bottle site, Bord na gCon and the Central Bank and Financial Regulator, as well as a previous special report on NAMA. At no stage in any of those reports, did the Comptroller and Auditor General meet the boards of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Ms Nolan can understand the question.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: So Mr. Reid is essentially saying that the record keeping of NAMA board meetings did not adequately reflect how it arrived at the decision to set that price given the information and documentation presented to-----

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