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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

When several of the board members appeared before the committee they all expressed shock when they found out about this and were first informed of the success fee on 10 March 2013 at that first board meeting. They expressed shock on finding out that there was an arrangement between Mr. Cushnahan, Tughans and Brown Rudnick. I find it extraordinary that NAMA would not have asked PIMCO of the when, who and how of that because when we asked that they volunteered the information. They gave us exactly the dates, the genesis of all of this. They volunteered it with no difficulty. Is Mr. Daly telling me that he did not even ask for that information?

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