Mr. Frank Daly:

What was our focus at that time in March 2014? We were in the final stages of the competition for Project Eagle. The main point was that PIMCO were gone or exiting at that stage. The main point was that we were making sure Cushnahan did not get any money. The main point was that in respect of Cerberus we were ensuring, by means of a declaration, that Cerberus was not paying any fee to anyone connected with NAMA.

We still had a competitive process. We had a recommendation from Lazard. Our focus was to get that over the line. Deputy Cullinane can make his own judgment about how much we should have asked Mr. Cushnahan. We would have got nothing from Mr. Cushnahan at the time, because when we asked him several months later, when we became aware of what appeared to be an involvement in 2013, we got nothing. This arose from the evidence given by Peter Robinson in October 2015. We wrote to him at that stage and we got-----