Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
NAMA has not been helpful to the Committee of Public Accounts or itself. We specifically addressed the issue with the NAMA chairman on 29 September at approximately 7 p.m. when he produced an e-mail. He got the indemnity from Cerberus about no success fee being paid to anybody. It was produced that evening after the board meeting. An extraordinary six weeks after the arrival of the chairman, who was asked the very simple question Deputy Catherine Connolly has asked, we have not got an answer. I understand that Tughans and Brown Rudnick, which went to work with Cerberus, were not there as legal advisers but as other special advisers. Mr. Stewart is indicating that he believes there would have been an obligation on Cerberus to notify NAMA before placing the bid of who their advisers were.
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