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
That is my point. That is what I was trying to get at earlier. In terms of the process, if that was the case and Mr. Daly accepts that, we have a situation where there was no Project Eagle. There was a sales strategy, which was to work out the assets and we have Frank Cushnahan who is a member of the Northern Ireland Advisory Committee, NIAC. We have an internal law firm, Brown Rudnick, and Tughans, a Belfast law firm, and they were working together. We know it started in April 2013, according to PIMCO, and they together were the genesis of the possibility of Project Eagle. PIMCO then contacted politicians and then it approached NAMA, and then Project Eagle was born.
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