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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
It is the second paragraph after the redacted part where it says "PIMCO advised that the success fee arrangement involved potential payments to three parties, namely Brown Rudnick Solicitors (London) - who had introduced the deal to PIMCO, Tughans Solicitors (Belfast) and Frank Cushnahan, former member of the Northern Ireland Advisory Committee." On 11 March the board knew that Brown Rudnick has introduced the deal to PIMCO, Tughans and Frank Cushnahan and Mr. McDonagh is telling me he did not know the date and did not ask the date and it was not relevant even though he was a member, which it says here, of the NIAC. It is very clear. It says "who had introduced the deal to PIMCO, Tughans ... and Frank Cushnahan".
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