David Cullinane (Waterford, Sinn Fein) | Oireachtas source

The Comptroller and Auditor General goes on to state, in finding No. 56, that the understanding that Brown Rudnick and Tughans had allegedly been in an arrangement with a member of the NIAC at any stage of the process should have raised concerns for NAMA over the potential impacts of such arrangements on the sales process. The following finding is that the board did not appear to have asked Cerberus when it engaged Brown Rudnick, or what the precise nature was of the service Brown Rudnick and Tughans were providing for Cerberus, notwithstanding any opening statements that may or may not have been made to the effect that information was not sought. They were clearly providing a service but the board never asked what that service was. The board knew they were working with, or had an association with, a NAMA board member and the question of a conflict of interest was clearly discussed because other board members have said they were horrified to find this.