Oireachtas Joint and Select Committees
Thursday, 13 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
We have the facts on Mr. Cushnahan. The Comptroller and Auditor General's report actually is evidence based. It took a number of years to publish and to investigate this report. It looked at supporting documentation, minutes of the Northern Ireland advisory committee, NIAC, and NAMA and involved a lot of discussion with NAMA officials. It is based on fact. What we do know from the Comptroller and Auditor General's report, and this has been confirmed by NAMA chairman, Mr. Daly, is that he became aware not just of the relationship between Mr. Cushnahan and debtors he became aware of what has become known as success fees. These success fees were with PIMCO. They were in three parts, one for Brown Rudnick, one for Tughans and one for Mr. Cushnahan. We are also aware, from paragraph 55 in the Comptroller and Auditor General's report, of the relationship that Mr. Cushnahan had with Tughans, that he shared its premises and that there were two NIAC meetings there. Did Mr. Rowntree attend those two NIAC meetings?
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