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Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: We have raised several queries which I believe we will want to review in the new year. Deputy Áine Collins has proposed we hear from those that have been through the NAMA process. In reviewing the year, I thank the witnesses for attending today and also all the other witnesses who have attended - Accounting Officers, officials, and so on. It can be a very robust process. Members try...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What is the updated position on the glass bottle site?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is that breaking the law?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: In that case. Would there be any other significant cases, without naming them, that would have cost that type of amount?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: That is a case you did not win.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Did you win the case?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: But it cost €2 million. What about the overall number of cases in a year, in terms of the cost of legal fees?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What are the administration costs?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: €116 million.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: How is the board structured?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Yes.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: There are two vacancies on that board. They are appointed by the Minister for Finance. What is the cost of the board? What does each member receive in expenses?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What would that be for?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: It is not very little? Is it the number of meetings?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Would the nine people travel from different parts of the country?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is that person paid to travel over and back?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: That is part of the €599,000.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Board costs-----

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: The administration cost is €116 million.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: In the €599,000?

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