Oireachtas Joint and Select Committees

Thursday, 24 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 Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I will have a second question for McDonagh, but I wish to put a question to Mr. Daly first. Mr. Daly is chairman of the Northern Ireland advisory committee, NIAC, which has made it clear that the people who signed their declarations handed them to Mr. Daly in person. We have not had sight of these declarations. Today we received a letter from the NIAC quoting data protection legislation in proposing it not give them to us. We have also received unredacted versions of the minutes which refer to the same debtors as a result of the same declaration made by Mr. Cushnahan at four or five meetings. I put it to Mr. Daly that he knew precisely that Mr. Cushnahan was dealing with debtors. We accept that no debtor specific information was discussed at the NIAC meetings, but Mr. Daly knew as a result of Mr. Cushnahan handing these documents to him over an extended period that he had debtor specific information. Mr. Cushnahan must have been the only person in the entire NAMA organisation who had debtor specific information, not from his involvement in the board but from his involvement with the debtors. That is why he signed the declarations.

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