Tuesday, 9 October 2018

Questions (57)

Bríd Smith

Question:

57. Deputy Bríd Smith asked the Minister for Finance if NAMA has interests, current or historical, in lands or debts connected to the current difficulties of a company (details supplied); and the detail of these interests and transactions, including dealings connected with the company or other companies. [40796/18]

View answer

Written answers (Question to Finance)

I am advised that the company to which the Deputy refers was engaged by a receiver to undertake the construction of a residential development over which NAMA holds security. I am advised that the construction of the current phase of development has been completed. I am advised that the development is controlled by a receiver and the construction work on the site is governed by a contract between the receiver and the company, to which NAMA is not a party. Accordingly, the receiver is responsible for any engagement with the company.

The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA's commercial operations or decisions, or those of its debtors and receivers. It would not therefore be appropriate for me to comment further on this matter.