David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Mr. Daly can see from the extract that there is discussion where NAMA's legal people had been in contact with PIMCO's legal people. There is a discussion around the potential payment which was going to be split three ways between Brown Rudnick, solicitors, Tughans, solicitors, and Frank Cushnahan. The discussion was in that context. The minutes go on to state: "The Board noted that PIMCO had advised that the negotiations had commenced in April 2013 and noted further that Frank Cushnahan had not resigned as a member of the Northern Ireland Advisory Committee until 7th November 2013". Minutes of any meeting are a factual record of decisions that were made and issues that were noted. The board notes that the negotiations commenced in April 2013. I put it to Mr. Daly that he did know and the board did know about the April 2013 date.