PWC & E&Y awarded Nama contracts!

censuspro

PWC and E&Y have been awarded the NAMA contract for "Appointment to a panel for Loan and Associated Valuation Services to NAMA"

PWC have also been awarded the contract for Tax Advisory Services.

Seems as though the big government contracts keep going to the same firms. Despite being implicated in the banking crisis.

cm2000

Weren't ernst and young anglo's auditors?

pearcider

cm2000 wrote: »

Weren't ernst and young anglo's auditors?

They sure were. They were the auditors who somehow failed to detect the hundred million euro loans bouncing between the directors of various financial institutions in a vain effort to stave off the bankruptcy and collapse of Anglo. Once this information became known to the markets, Anglo had to be nationalised at a cost to the state of perhaps 20 billion (roughly equal to the national social welfare budget for the year!). All the more reason to reward them the NAMA contract - I guess they're well used to crisis management at this stage. One of the largest private companies in the world; E&Y has a fairly checkered history anyway. They've been auditors over several infamous company collapses and at the centre of numerous corruption scandals. They were probably just told to keep a lid on it..just another example of the real corruption in the irish business and political class where gross incompetence continues to be rewarded and professionalism is conspicuous by its absence. Pity the Irish people couldn't give a shyte. :rolleyes:

peasant

Now that is a surprise ...not.