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Public Accounts Committee: Department of Justice and Equality - Review of Allowances (25 Oct 2012)

Seán Fleming: What about assaults on prison officers? Do they number in the dozens or hundreds?

Public Accounts Committee: Department of Justice and Equality - Review of Allowances (25 Oct 2012)

Seán Fleming: I do not need the exact figure. Reference was made to a prison officer's pay versus that of a pilot. I do not know from where the figures for the latter came. That a prison officer can be assaulted any day should be taken into account. As public servants, prison staff must statutorily pay superannuation and the pension levy whereas the same is not necessarily true of the pilot. I wanted...

Public Accounts Committee: Department of Justice and Equality - Review of Allowances (25 Oct 2012)

Seán Fleming: Yes.

Public Accounts Committee: Department of Justice and Equality - Review of Allowances (25 Oct 2012)

Seán Fleming: The new rates have not affected people yet.

Public Accounts Committee: Department of Justice and Equality - Review of Allowances (25 Oct 2012)

Seán Fleming: Will there be a knock-on effect? New recruits will enter on much reduced salaries. I assume the additional hours are factored into their hourly rates, in which case there will be a commensurate reduction in their additional hours payment. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: What was the largest amount NAMA collected in the past year or two? What were its biggest two or three achievements in terms of cash? Mr. McDonagh must know that off the top of his head.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: Where was that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: What are we talking about here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: Okay. Let us talk about that. That was NAMA's biggest transaction to date where it got in about €800 million. What was the book value? What did NAMA pay for that? Did it make much profit on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: I accept Mr. McDonagh might not want to go too far on this and I noted the little nudge there. Is there commercial sensitivity about this? It is now history. NAMA has a legal remit to look after its organisation and the IBRC has a remit to look after its organisation and sometimes the unhealthy possible competition between the two might result in one getting the better of the other in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: Mr. McDonagh does not believe so. For the record, the IBRC will appear before the committee next week and I will be asking its representatives the same question on that. Some people would think there is a case that there can be competition between the two organisations. There was a court case involving Coroin Limited, the hotel group, and NAMA officials would have given public evidence of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: There is a document on the public record of the courts in England. Therefore, there is nothing confidential about this. It is not sub judice. It is a previous case. I want to read an extract from the public court record of what was stated in the summing up, and I can provide this to anybody who wishes to have it after the meeting. It is on the public court record. It states Mr. Hennigan...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: Has Mr. McDonagh any problem with what, on the face of it, appears to be a breach of confidentiality, with some of his staff - this was recorded in open court - clearly discussing people's business with third parties? Has he a problem with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: NAMA's representative in the court contradicted that and it is on the public record subsequently. I have not read the full transcript of the court proceedings. What Mr. McDonagh has just said to us is that he, as the chief executive of the NAMA, contradicts the version in that e-mail that was sent to his staff member. He does not accept the accuracy of what his staff member received. Did...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: Yet Mr. McDonagh contradicts it here months later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: It is a matter of public record.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: I am not here to answer your questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: I asked Mr. McDonagh the question and-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: -----I said, if the Chairman was listening, that I did not read the full transcript. I said that 30 seconds ago.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Seán Fleming: I said that.

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