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. Alan Stewart:
He explained that the Project Eagle deal was brought to PIMCO by Brown Rudnick and, as part of the fee arrangement that firm, namely, Brown Rudnick, was seeking an acquisition fee. After making inquiries, PIMCO learned that the fee would be split three ways; between A, Brown Rudnick; B, Tughans and; C, Frank Cushnahan. He asked if NAMA was aware of Mr. Cushnahan potentially being a beneficiary.
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