Seanad debates

Wednesday, 6 June 2012

NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage

 

7:00 pm

Photo of Mark DalyMark Daly (Fianna Fail)

I not only have correspondence, I have had meetings with it. It said it had nothing to do with it. British Land states that NAMA had given agreement for the sale to go ahead. McAleer and Rushe which owes the Irish taxpayer money will make a profit from this land even though it still owes us €28 million. I ask Senator Coghlan to outline how that is in the best interests of taxpayers. This was not done in an open and transparent manner. If it had been we would have go the upside. When Senator Coghlan reads this and he gives me a comprehensive reply I will write an apology. However, my apology will not be coming his way.

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