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Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: We will resume. I call Deputy Costello.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: Time, Deputy.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: I am going to keep going. On a point of information, the Department of the Environment, Community and Local Government will be here in two weeks' time, so we can raise this then.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: Could I speak?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: I have not contributed yet. That is all I am saying.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: That is okay. No problem.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: I will be brief, as this has been a long day. I wish to ask the witnesses about Project Eagle. It is an important question because of what has happened since regarding the reputation of NAMA and the potential damage to public trust in NAMA as this matter has continued. Mr. Daly has made clear that when the agency found out that Mr. Cushnahan was to have taken a fee, it stepped in quickly,...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: I have to ask Mr. Daly one very small, constituent question while he is here. It is a weakness of mine.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: The Michael Street development.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: We have been trying very hard to come up with the funds to continue this in terms of the European Regional Development Fund, ERDF, funding as well as matching funds from the council. It is almost there I think. We are not sure how NAMA is getting on with the other end of things regarding the developers and the disposal of this. Can Mr. Daly bring us up to speed as to where NAMA is at?

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: Specifically, we discussed with the Secretary General the case of Tom Galvin. The Secretary General gave an undertaking at the committee hearing that Tom Galvin's case would be reviewed by the new steering group. That has occurred. About six weeks ago, Tom Galvin met the new steering group and spoke to its members for an hour or two. The only issue arising from that is what the process...

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: Representatives of the HEA are in today. Michael Kelly will be in but he will be talking about happens now with regard to WIT. The obvious question based on what the Comptroller and Auditor General has just read out is what role the HEA has with regard to governance when it comes to Waterford Institute of Technology. When he continually points out those things and reports on them, does he...

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: When does the Comptroller and Auditor General think that report will be finalised?

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: Will the Comptroller and Auditor General deal with the legacy and historical issues that have arisen over the past three or four years specifically relating to Waterford? Will he scrutinise the different issues that have arisen and that have been aired at this committee? I will explain why I am asking him this. I met with Kieran Byrne, the former president of Waterford Institute of...

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: I think he deserves that. The reputational damage he suffered because of what happened in Waterford Institute of Technology was immense. I ask the Comptroller and Auditor General to look at those issues and the role played by the HEA, its responsibilities at the time and whether it carried those out.

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: It was, but it would be helpful if the Comptroller and Auditor General took a look at it.

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: I am not so sure the Quigley report looked at some of that material in a sufficiently in-depth fashion.

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: A showdown?

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: I do not think anyone can contradict or disagree with the Chairman’s point because we deal with it so often at this committee and have done so for the past few years. It is incontrovertible, a recurring theme, etc. There is an issue that has arisen which we should consider. Deputy Costello asked what we should do about it. Beyond the procurement issue, some of these organisations -...

Public Accounts Committee: Business of Committee (24 Sep 2015)

John Deasy: We should start with the HSE. The obvious examples arise within the HSE. I have been dealing with this for probably 12 or 13 years. There have been very serious issues dating back that long and reports have never seen the light of day. My suspicion is that in some cases they are not published to protect individuals within those agencies, the decisions they took or the inaction within...

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