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Written Answers — Department of Justice and Equality: Departmental Communications (13 Oct 2020)

Catherine Murphy: 409. To ask the Tánaiste and Minister for Justice and Equality if she has engaged with a third party company in each of the years 2017 to 2019 and to date in 2020, to conduct monitoring and-or provide reports on social media coverage of her Department across social media platforms (details supplied); and if so, the cost of same. [30165/20]

Ceisteanna ó Cheannairí - Leaders' Questions (8 Oct 2020)

Catherine Murphy: I watched the Tánaiste's interview on the "Claire Byrne Live" show on Monday night. The view I formed, and I think many people formed the same view, was that the Tánaiste got his information from a media leak. We know that was not the case, that there was an unscheduled meeting of NPHET on Sunday, and that the Minister for Health also had telephone calls before and after that...

Ceisteanna ó Cheannairí - Leaders' Questions (8 Oct 2020)

Catherine Murphy: Will it be in the Dáil?

Ceisteanna ó Cheannairí - Leaders' Questions (8 Oct 2020)

Catherine Murphy: In that case, the Tánaiste accepts that Monday was a distraction. It was a two-way conversation-----

Ceisteanna ó Cheannairí - Leaders' Questions (8 Oct 2020)

Catherine Murphy: What we do not want a statement to be made and then further questions to be asked. Let us put this issue to bed. I presume the Minister for Health will be coming into the Dáil to make that statement. The public can only do so much. We hear senior people in the public health system saying that a system that is vital to dealing with this virus is close to collapse. What is being...

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)

Catherine Murphy: I am sorry I was not here earlier; the timings just did not work out. I noticed something in Mr. McDonagh's statement that always grates with me, as I have said on several occasions. I refer to the word "profit". I appreciate that NAMA ended up with portfolios on which there had been great discounts. I believe the Comptroller and Auditor General said the outlay was €74.4 billion...

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)

Catherine Murphy: This represents a discount of approximately 85% on the original par value. NAMA hoped to get €46.2 million. We have heard that there were errors and Mr. McDonagh has accepted this. The public took a great hit and NAMA was set up and given a job to do, which was to get as much as it possibly could for the assets. Its terms of reference stated that it was to achieve the best possible...

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)

Catherine Murphy: If there was no real interest in the portfolio, what risk was there in NAMA advertising 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)

Catherine Murphy: Looking at this from the perspective of the public, the valuation goes back to 2009. There may well have been a desktop exercise carried out after that. Mr. McDonagh might confirm whether there was. There was no competitive process and Clareview knew that there was no other bidder. Did NAMA not just throw in the towel in attesting that there was no more to be achieved from this?

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)

Catherine Murphy: Does Mr. McDonagh think the €10 million loss on Project Nantes was a good outcome?

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)

Catherine Murphy: Would Mr. McDonagh say there is a basis to conclude that NAMA achieved the best possible financial return for the Project Nantes loan sale? Can he point to that basis?

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)

Catherine Murphy: Yet Mr. McDonagh differentiated in his response today that NAMA achieved profits of €78 million on six of the seven connection loan bundles. He differentiated Nantes himself.

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)

Catherine Murphy: In hindsight, does Mr. McDonagh regret that the information was not forthcoming, that when information came to the Committee of Public Accounts or to the Comptroller and Auditor General that it was not specifically referenced?

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)

Catherine Murphy: That goes back some time. I realise I am going to be very short on time. I might actually put that question to Mr. McDonagh in writing if he does not mind and send him an email.

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)

Catherine Murphy: I want to ask about Mr. McDonagh about housing and 20,000 residential units. I appreciate some residential units have come into play but some were supposed to be delivered by the end of 2020. This will now happen in 2021. Why is that the case?

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)

Catherine Murphy: Was that not referenced in the 2019 report, which would have been pre-Covid?

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)

Catherine Murphy: No. I refer to residential units to delivered in 2020.

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)

Catherine Murphy: Okay.

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)

Catherine Murphy: Mr. McDonagh did not write the legislation and section 172 did not anticipate some scenarios. That gap arose in the Committee of Public Accounts during the last Dáil. In hindsight, are there things that Mr. McDonagh thinks we should do regarding section 172? I know there is one case outstanding with the Garda, from the last parliamentary question I asked. Is that the only one at present?

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)

Catherine Murphy: What would Mr. McDonagh do differently if he was writing the legislation?

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