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

Ms Aideen O'Reilly:

Okay. The legal position, based on the facts as known to us at the time, was that, at a date uncertain, Mr. Frank Cushnahan became a potential beneficiary of a success fee from PIMCO via Brown Rudnick.

It was unclear to us, as has already been said, when that crystallised. As of 10 and 11 March, what we had was a former committee member and, therefore, a former designated director for the purposes of the Ethics in Public Office Act. Under the NAMA Act, essentially-----

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