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
I will quote what Mr. Long from Lazard said when he appeared before the committee. We went through this earlier where the same board minute suggested that, subject to Lazard's advice because it would have been given the information about the success fees, it was minded to be as upfront as was possible with bidders. We went through that earlier. When Mr. Long was responding to this, he said the process was inappropriate because could he, Mr. Cushnahan, ever be totally separated from Tughans and Brown Rudnick? We now know that Tughans and Brown Rudnick transferred over seamlessly to Cerberus. Even Lazard is saying that it was inappropriate that he, Mr. Cushnahan, could ever be totally separated from Tughans and Brown Rudnick, which is also what the Comptroller and Auditor General says in his report.
No comments