In January 2014, US investor Blackstone acquired three properties from Project Platinum for €100 million. It is now looking to offload them for €170 million. That is a profit of 70%, not 7%. Despite the fact the buildings were yielding approximately 6% per annum in rents, while NAMA's cost of money was less than 1%, there was still a panic to sell them.

Following PIMCO's allegations regarding kickbacks for fixers, why did NAMA allow the deal to proceed with the same players, Brown Rudnick and Tughans, involved? Did NAMA report the PIMCO allegations to the relevant law enforcement or the Government, and if it did, when? In a confidential letter from Brown Rudnick to the Minister for Finance in the North, Sammy Wilson, Brown Rudnick admits to acting for two clients with a strong interest in Project Eagle. Brown Rudnick ended up acting for PIMCO and Cerberus, which is not legal. This matter is now being investigated by the Securities Exchange Commission in America. Why did NAMA have no concerns about the involvement of Brown Rudnick and Tughans despite the revelations? The reserve price for Project Eagle was €1.3 billion. This was adjusted to €1.24 billion in April 2014 to reflect, NAMA told us, asset disposals which took place in the intervening period between the launch of the loan sale and its closing. Can the Taoiseach find out what are the details of these disposals?

Thank you, Deputy.

Can the Taoiseach tell me why the reserve price was reduced by €60 million? Can he find out if this might be connected to reports regarding a developer whose loans were in Project Eagle and who came to NAMA to complain about being approached by fixers who were seeking a backhander in order for him to buy his loans back at 50p in the pound from Cerberus in the autumn of 2013, months before Cerberus even bought it? Can the Taoiseach find out if NAMA actually did a deal with this developer? Can he tell us what disposals were involved in this €60 million?

The Deputy is over time.

I raised this with the Taoiseach before the summer recess. Why does he insist on doing nothing about it? Why does he not want to get answers to the questions that have been raised? We have loads of questions and there are more every week, but we have received no answers. Why is the Taoiseach not interested?

It is not a question of not having an interest. On the issue relating to NAMA and the Northern Ireland portfolio, for example, there are two investigations ongoing, one by the police and one by the parliamentary commission. Questions have been answered at some considerable length here in the House by the Minister for Finance on this matter. Whatever papers or correspondence is necessary or available will be presented to either of those two investigations.

PIMCO was dropped, as the Deputy is aware, under the legislation by means of which NAMA was set up. NAMA is responsible to the Houses of the Oireachtas. It is before the Committee of Public Accounts on Thursday. I suggest that the questions the Deputy has just asked, and any other questions he wishes to pose, be given to a member of the Committee of Public Accounts in order that they might be put directly to the representatives from NAMA on Thursday. NAMA is responsible to the Houses of the Oireachtas.

The Deputy has made strong statements and comments or allegations about fixers and bags of money. I suggest to Deputy Wallace that if he can back up that information, he should bring it to the notice of the Comptroller and Auditor General immediately and also to the attention of the police authorities. These are very serious allegations and the questions he raises can legitimately be asked of NAMA, which is responsible to the House, at the Committee of Public Accounts on Thursday.

In respect of the Northern Ireland portfolio, there are two investigations ongoing and these are taking place outside this jurisdiction.

I get the impression the Taoiseach is trying to hide behind the fig leaf of Oireachtas committees. I have already been to the Garda and I have been to the National Crime Agency, the British authority that is investigating the matter. I have already been to both of them. However, I cannot understand why the Taoiseach does not want to do anything about it.

Cerberus is under criminal investigation in two countries and it still has not been disqualified from looking at Project Arrow, which it is threatening to buy. Project Arrow has a par value of €7.2 billion and it appears it may be sold for something in the region of €1 billion. As 50% of it is made up of residential units in the Republic, and we have a housing crisis, where is the logic of selling Project Arrow to an entity such as Cerberus, which is being investigated for criminal activity in two countries? The Taoiseach could not make this up. It is absolute nonsense.

A question, please.

I realise these are serious players. I was recently summoned to a meeting by a public figure and a message was passed on to me from a leading member of Cerberus Ireland that I was going to get sorted. Why would they have to say that if I am telling the truth? Can the Taoiseach understand that?

Sorry, this is Leaders' Questions. Will the Deputy put a question to the Taoiseach?

Is the Taoiseach going to give serious consideration to the questions that are swirling around in respect of NAMA? As I said before, the workings of NAMA have left too much to be desired and there is a lot which is rotten about it. Is it going to be the Taoiseach's legacy that he ignored all of this? Is it going to be part of his history that he chose to ignore what is going on in NAMA?

That is another allegation the Deputy makes. It will not be part of our history. NAMA is responsible to the Houses of the Oireachtas, of which Deputy Wallace is a Member. He comes in here week after week with very strong statements and allegations. I cannot say whether what he says is true or whether he can back it up.

Why does the Taoiseach not find out?

The Government told NAMA to accelerate the sales process.

I am glad the Deputy has gone to the police force and the crime investigations unit but perhaps he does not want these questions raised - or to have somebody raise them on his behalf - at the body to which NAMA is responsible, and through which it is responsible to this House.

Rein them in.

It is not good enough for Deputy Wallace to come in here like this, given that he is the centre of attention for receiving these kinds of allegations. I hope that when such allegations presented to him, the Deputy, who has full privilege in here, demands that proof be given.

Is the Taoiseach going to stop Project Arrow?

I am quite sure Deputy Wallace wants to use that privilege with responsibility.

Nobody is denying the €7 million is in an offshore account.

If there is an issue here, the questions that have been asked and the questions that have been answered by NAMA mean there is nothing wrong on the seller's side. If there is anything wrong, it seems to be on the purchaser's side.

The Taoiseach cannot be serious.

The Taoiseach needs to catch up with what is already in the public domain.

I suggest the Deputy should write out his list of questions. These can be raised-----

Order, please.

The Deputy wants to find out the truth about these issues. In that case, he must use the facility available to public representatives - in the public interest - in order to ask his questions. I would like the Deputy to furnish to the Committee of Public Accounts the basis of the evidence given to him that will make the allegations he makes stand up.

The Taoiseach would love that.

I thank the Deputy for going to the Garda and the crime investigations unit. I hope he will supply a full list of questions in order that NAMA can comprehensively address these issues at the Committee of Public Accounts.

I gave the Taoiseach the questions.