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

Photo of Mary Lou McDonaldMary 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.

Comments

No comments

Log in or join to post a public comment.