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NAMA Staff Unauthorised Disclosures

Dáil Éireann Debate, Tuesday - 25 September 2012

Tuesday, 25 September 2012

Questions (109, 110)

Pearse Doherty

Question:

109. Deputy Pearse Doherty asked the Minister for Finance in relation to the alleged unauthorised disclosure of information at the National Asset Management Agency by a former employee, the number of companies to which Ernst and Young has been appointed as receivers at the behest of NAMA. [40290/12]

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Pearse Doherty

Question:

110. Deputy Pearse Doherty asked the Minister for Finance in relation to the alleged unauthorised disclosure of information at the National Asset Management Agency by a former employee, if he will provide the value of disposals made by Ernst and Young of assets to which NAMA had that company appointed as receiver. [40291/12]

View answer

Written answers

I propose to take Questions Nos. 109 and 110 together.

I am advised by NAMA that it has appointed Ernst & Young as receiver to 18 separate corporate entities across four NAMA debtor connections. I am advised that, to date, no asset realisations have taken place under these appointments. I understand that Ernst & Young was appointed by a syndicate of banks as administrator to Battersea power station and that NAMA recovered full debt through the sale of this asset.

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