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
Bobby 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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