Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

I cannot presume what anybody except NAMA knew in the case. Let us not mix the two up. The PIMCO bid was got rid of. No payment, that we are aware of, was ever made in the case. On the issue of what Cerberus, Brown Rudnick or Tughans did regarding the second one, they are third parties and I cannot control what they did, nor could I be expected to. I can only talk about the NAMA process and our being concerned and asking Cerberus for undertakings, which it gave and which I do not believe it would have given lightly.

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