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

Let us just examine now the provenance of the information that they had. Mr. Neporent repeated that information relating to the portfolio of borrowers, guarantees, assets and potential business plans was available. Am I correct in assuming that the provenance of the information was by means of ongoing, perhaps lengthy personal engagements with the debtors concerned? Is that how Brown Rudnick came across the information? I am sure Mr. Neporent asked the company because he had to confirm for himself that the information was bona fide. How did Brown Rudnick explain to Mr. Neporent the nature of its examination of the portfolio or the work the company had been doing on it from March 2013?

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