I propose to take Questions Nos. 232 to 234, inclusive, together.
I am advised by NAMA that it carries out asset searches in certain circumstances with a view to compiling full information on a debtor's assets and liabilities and to maximising recovery for taxpayers on any assets that debtors may have failed to disclose in their Statement of Affairs to the Agency. NAMA operates a Credit Verification Services Panel, established after a public procurement exercise, from which it procures such asset search services. Details on the Credit Verification Services Panel, including the names of the appointed firms, are available on the NAMA website at https://www.nama.ie/about-us/our-work/procurement/. I am advised by NAMA that the firms referenced by the Deputy in her question are not on this panel and that, accordingly, NAMA has not engaged the services of either firm.
NAMA has incurred the following asset search costs:
2014
|
€389,000
|
2013
|
€782,000
|
2012
|
€496,000
|
2011
|
€176,000
|
At 31 December 2014, through these asset searches, NAMA had identified previously undisclosed assets with a value in excess of €42 million.