Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to publication by the National Assets Management Agency of a report into the purchase of a property under its control by a former employee, if he will provide details of the two independent valuations of the property which NAMA previously claimed had been undertaken; specifically the dates of the valuations and the valuation amounts or ranges. [55389/12]

Michael Noonan (Limerick City, Fine Gael)
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I do not intend to go beyond the extensive information that NAMA, based on legal advice, has already made publicly available on this matter.

On 27th November, NAMA published, in line with the commitment by the NAMA Chairman at the recent meeting of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, the detail of a report by its internal auditors, Deloitte, on the transaction. This report outlines the sequence of events relating to the transaction, the disclosure requirements imposed on NAMA staff under the NAMA Act 2009 and associated codes of practice, and the key recommendations made by Deloitte, all of which have been accepted by the NAMA Board and which now have been implemented.

The Deputy will also be aware that the NAMA Chairman provided considerable detail on the transaction at that recent meeting of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform.