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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Paragraph 4.17 on page 68 of the report, which sets out the criteria that Mr. Long would have set out, states: "Strict confidentiality was to be maintained and potential bidders were to be prohibited from contacting the debtors". Mr. Long will have seen from letters from PIMCO and from correspondence to this committee, and this is also contained in the Comptroller and Auditor General's report, that there was an association with Mr. Cushnahan and debtors and that he was working with Brown Rudnick and Tughans who were also working with PIMCO. In fact, they approached PIMCO. Does it concern Mr. Long that potentially there was an association with one or possibly two of the bidders and debtors?

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