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
Catherine Connolly (Galway West, Independent) | Oireachtas source
I am not asking about that aspect of the legal position. That has been outlined previously. It is outlined fairly in the Comptroller and Auditor General's report. He takes NAMA's view and he outlines it. My question to Ms O'Reilly and Mr. Stewart, as legal people, concerns the phone calls they had. Mr. Stewart was present for all the phone calls, I think; Ms O'Reilly was present for some. The phone call concerned a former committee member, not a director. Ms O'Reilly has now referred to him as a director. We are all getting confused. He was a committee member in Northern Ireland who represented six debtors, which has already been pointed out, the debts of which represented 50% of the Project Eagle portfolio. When Ms O'Reilly and Mr. Stewart heard that Mr. Cushnahan was to receive £5 million or £6 million, did alarm bells not go off in their heads? Did they not ask themselves what was going on?
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