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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Although Mr. Cushnahan had been in the middle of the previous controversy. Cerberus then engaged their services on 24 March and we have established that it was bringing to the table information on debtors and assets. Interestingly, Mr. Neporent refers to an abstract of each loan, a view of the debt, business plans, etc. NAMA's testimony to the committee is that the debtors were being very awkward and not playing ball with it in producing these plans. However, Mr. Neporent states Brown Rudnick, Tughans and Mr. Cushnahan were able to produce some form of business plans for Cerberus' perusal.

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