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

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

That is a good question. Mr. Rowntree said he knew nothing about PIMCO, Cerberus or anything like that; he was just there as an adviser on Northern Ireland. Did he find it strange to learn afterwards that the same advisory and legal companies were used by PIMCO? There was a success fee of many millions and Mr. Cushnahan was involved in that so there was a three-way pay off. Was Mr. Rowntree surprised to learn that Tughans and the other legal advisers were still involved with Cerberus when it went on to buy the portfolio?

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