Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
Mr. Frank Daly:
No, we did not inquire that of Cerberus. On the matter of success fees, I do not think it is a matter for the board of NAMA to accept or otherwise become engaged in success fees. Success fees are common in loan sales like this. We have no relationship with whomever people might want to pay a success fee to. I do not believe it would have been appropriate for NAMA to have become involved in this. We did not ask what the quantum was. The issue for us-----
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