Dáil Éireann Debate, Wednesday - 1 February 2012
82 Deputy Gerry Adams asked the Minister for Finance the position regarding the advice and management of bad loans and the potential for a conflict of interest to arise (details supplied); and if he will make a statement on the matter. [5881/12]
Amharc ar fhreagraI am assured by NAMA that it is cognisant of conflicts of interest in the appointment of any advisors and works to prevent them arising.
In the case referred to by the Deputy, NAMA has appointed two receivers to the assets of the company subject to receivership proceedings. As one of the receivers is a tenant of the company subject to the receivership process, in a building which is security for loans held by NAMA, the second receiver is acting in respect of that asset. NAMA assures me that the firm referred to by the Deputy will act as receiver only over assets in respect of which it has no interest.
