Oireachtas Joint and Select Committees
Wednesday, 16 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of NAMA: Discussion
2:30 pm
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Mr. Watters says that he involved Mr. Cushnahan, who was very much part of NAMA at the time, to work on the concept. It was called Project Amani. They then approached Mr. Ian Coulter - another name familiar to Mr. Daly - of Tughans who, in turn, approached Brown Rudnick - a man by the name of Mr. Tuvi Keinan who is also known to Mr. Daly. This gentleman then came up with the two names, Pimco and Cerberus, and all of that predated the formal approach to NAMA. Mr. Daly may claim that is none of his business and it is not his problem, except for the fact that Mr. Cushnahan, in particular, and others, were very close. They had, would we call it, "a cosy relationship" with NAMA while all of these manoeuvres were in play.
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