Dáil Éireann Debate, Tuesday - 23 October 2012
139. Deputy Gerry Adams asked the Minister for Finance if he will confirm if the 12 firms (details supplied) that received emails from ex National Assets Management Agency employee Enda Farrell are precluded from future NAMA loan sales, asset sales or contracts for service; and if he will make a statement on the matter. [45784/12]
View answerI am advised by NAMA that its sales processes require that its loan sales, and asset sales conducted by its debtors and receivers, be carried out on a competitive basis with the aim of ensuring that the best price available in the market is achieved at the time of transaction. I am advised also that any contracts for service are put to competitive tender with a view to obtaining the most economically advantageous price for the taxpayer. I am advised that, in running these sales and tendering processes, NAMA ensures that all potential counterparties and bidders have access to whatever information is required to submit informed bids and prices.
I am advised also that NAMA does not propose to exclude from these competitive processes any potential counterparty or service provider who might be in a position to submit competitive bids or prices advantageous to the taxpayer. While the review of the unauthorised documentation is on-going, I am advised by NAMA that the level of information available to potential purchasers is significantly more detailed than any information that might have been included in the recent unauthorised disclosure of data by a former employee of NAMA. I understand that all parties who received information have indicated that they will co-operate with the Commercial Court.
