David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I will read from the report of the Comptroller and Auditor General's report. With respect to the Chair, these are issues he raised. Conclusion No. 55 reads, "Given the joint agreement between the parties to the success fee arrangement with PIMCO, all of the payment – not just the payment to Mr Cushnahan – should have raised concerns for NAMA."

The same applies in relation to Cerberus. Mr. Cushnahan had a relationship with Brown Rudnick and Tughans and the Comptroller and Auditor General said that his departure did not mean it was the end of the problem. The board should have interrogated it more.