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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
If the board had been told that, it would have been shocking and quite incredible because he was a board member at that time. I will read from the PIMCO letter. It states "In April 2013, PIMCO was approached by Mr. Tuvi Keinan, a partner at the law firm Brown Rudnick who then introduced PIMCO to Mr. Ian Coulter of Tughans and Mr. Frank Cushnahan". When we asked for that information, we got it. We, as a committee, asked for the information. We asked what happened and when and PIMCO indicated it was approached by Brown Rudnick, acting on behalf of and with Mr. Coulter and Mr. Cushnahan. That is quite explosive, as Mr. Cushnahan was a member of the Northern Ireland advisory committee at the time. It goes back to the point that this was the genesis of everything because there was no Project Eagle at this point, April 2013.
My point relates to when Mr. Corrigan was first made aware of a conflict of interest. He stated that he cannot remember being told and it is obvious that he was not told that, in April 2013, those three individuals or parties were touting different bidders for business. If he was told, it was presented in a fashion that did not ring true.
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