Mr. McDonagh, the CEO of Nama, faced scrutiny about his finances, particularly regarding a rental property in Dublin. He acknowledged his substantial salary but defended it by citing significant returns to taxpayers. While he recognized the public's right to inquire into his affairs, he maintained that some details remain private. His encounter with the Housing Minister was his first related to the Housing Activation Office, and he expressed reluctance to take on a public-facing role due to potential political conflicts.
Mr McDonagh insisted, however, that he was making "all relevant disclosures" as required, but he declined to discuss his personal affairs concerning reports of renting a house.
He fully accepted he was "very well paid", but argued he had returned "value for money" through a surplus of billions returned to the taxpayer.
Mr McDonagh stated, "There does come a point when matters are private, and I reserve my position" regarding personal disclosures.
He mentioned he decided not to pursue a public representative role due to concerns about being "kicked around like a political football".
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