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

Page 82 states that Lazard, on 2 April, provided a letter to the board of NAMA: "In its professional advisory judgment, given NAMA's objectives, the process had been appropriate ..." The process had become compromised by virtue of Mr. Cushnahan's involvement with Brown Rudnick and Tughans and their transfer from PIMCO to Cerberus. Given that Lazard did not have that information, Mr. Long is basically confirming the process had been appropriate but he was acting blind. Would he accept that?

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