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

Mr. Frank Daly:

My comment is that the key question in all of this was whether Cushnahan was involved. Was he getting a fee or anything from this now that Brown Rudnick was with Cerberus? The decision to seek a declaration from Cerberus endorsed by a declaration from Tughans and Brown Rudnick was the focus of that morning. That was something we decided we needed before the board made a formal decision to adopt Cerberus as the preferred bidder. That was the big issue for us.

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