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

Mr. Daly has given that qualification, and I accept it so I will continue. Mr. Long said that it was valuable information that would have been useful for him at the time, and yes, it concerned him that he did not have it. He was speaking of the fact that he and Lazard were not made aware of the success fee between PIMCO, Brown Rudnick, Mr. Cushnahan and Tughans. This is what happened. Lazard had a role to play and played a role in relation to seeking a letter of assurance from Cerberus, did they not, in relation to any arrangement it would have had with Brown Rudnick and Tughans?

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