Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
How is that relevant, even if that were the case? Lazard was taken on in the circumstances I have described as the loan adviser. One of the key elements signed off with NAMA is the issue around contact with debtors. I have put it to the witness, Cerberus has confirmed it and we know through the goings on with PIMCO that this was absolutely breached. It was decimated. It did not stand up at all. I am putting it to Mr. Long that it was a failure on Lazard's part.
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