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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Let me accept that - 10 March is the day that all is revealed. Where I have a difference with the witness, and where the minutes differ with him, is that he says on 10 March he discovered this guy, Mr. Cushnahan, is being lined up for a big payment. That is true, and we agree on that. However, I put it to the witness that the minutes reflect that he was told something else as well. According to the minutes, not alone was Mr. Cushnahan lined up for this fee at some point in the future, but at a time when he was a member of NAMA's Northern committee, he was involved with Brown Rudnick and Tughans in conceiving of and negotiating a fee for himself at that point. I accept Mr. Daly discovered that in March, but he discovered information on malpractice or whatever one might call it in respect of him that had occurred a year before.

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