Oireachtas Joint and Select Committees

Thursday, 17 November 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 Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I am thinking of the condensed timeframe to which the witness referred. In the absence of the approach by Tuvi Keinan, and Cerberus would have no choice but to continue with its existing legal advisers, with which it was happy, and if by having Tuvi Keinan bestowed no advantage on Cerberus over Fortress and Mr. Neporent said that it won the bid anyway, I wonder what the cumulative amount of fees that Cerberus may have paid would have been. I am just trying to get a picture of that because there are only a finite number of hours between Cerberus finding out in February about this and ultimately purchasing it.

I am conscious of how much money Cerberus may have saved.

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