Oireachtas Joint and Select Committees
Wednesday, 16 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
12:30 pm
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
Mr. McGuinness understands it. Mr. Rowntree would not have been aware of this when he was here but we now know PIMCO did not make a blind approach to NAMA. It did so on the basis of discussions that took place. It was approached by a Mr. Coulter of Tughans legal firm, Brown Rudnick, and also Mr. Frank Cushnahan, who at the time was a board member of the NIAC. We know that is the case and Mr. Rowntree said that the information that Mr. Cushnahan had would have made potential bidders smile. When did Mr. McGuinness first learn of all this? When did he learn that Mr. Cushnahan was involved in a success fee arrangement or had any relationship with any of these individuals?
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