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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
We are nearly there.
On 13 February, there was a media leak. Confidentiality was a fundamental issue as far as NAMA was concerned. Shortly afterwards, in mid-March, we had the PIMCO issue coming to light. Then, on 2 April and 3 April, we had the issue with Brown Rudnick and Tughans coming to light. I refer to the success fee. At any of those three stages, did NAMA consider halting the process? Mr. Daly should consider them one by one. There were three occasions on which significant problems arose. I believe Mr. Daly said before this committee on an another occasion that, as a result of the leak, he considered whether he would pull the process. Owning to the difficulties in the process, it was not a clean, neat process. Those are the three issues that arose.
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