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

This conversation was all about Frank Cushnahan. Tell me Ms O'Reilly, PIMCO was obviously quite exercised by this and I understand that. This is the last thing someone needs when in the middle of a big complicated deal. I have no doubt dozens and dozens of people worked to the best of their capacity and in absolute good faith and then bang, they were in the middle of this. What did Ms O'Reilly ask, or what did she seek to know, from Mr. Rice in respect of all of this? He told her he would have expected that Frank Cushnahan told NAMA what was going on. I am assuming Ms O'Reilly agreed with this. What queries did she make of Mr. Rice in terms of establishing information for herself? I ask Ms O'Reilly to remind the committee of her position. She is the senior legal person in NAMA.

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