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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
Cerberus then spelt out in further detail that it also involved Tughans. Therefore, there was an arrangement in which two of the three parties that were involved in the previous success fee issue that the witness said resulted in PIMCO's bid being fatally flawed, but this arrangement was no problem, and NAMA did not even inquire about the amount of the fee. However, Mr. Daly is conscious that he, as chairman of NAMA, had sat at Northern Ireland committee meetings in Tughans' office. He then heard that Tughans were receiving a success fee and he never even inquired how much it was. Does he understand how that looks?
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