Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014
9:30 am
Mr. Brendan McDonagh:
No, they knew that of Mr. Cushnahan, clearly. When they do their research into people they all, as American funds, are caught under the Foreign Corrupt Practices Act. They have to do certain internal checks and sign off on that. They obviously twigged that Mr. Cushnahan was part of the process. They suggested that to us and we said we did not know about it. They asked what is NAMA's view on this and we said we need to take it away. We called a board meeting and the board, as I said, took a very dim view of this.
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