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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I am not prepared to engage in a kind of Tomfoolery that we can make words mean what we want them to mean. This is the minute of NAMA's board meeting. The minute reflects very clearly and chimes precisely with the information that PIMCO gave us that negotiations around this arrangement between Brown Rudnick, Tughans and Frank Cushnahan. Mr. Daly knew everything. Mr. Daly knew a lot about Frank Cushnahan having a close relationship with Tughans so it would not have been news to him. The minute states very clearly that those negotiations had commenced in April 2013. The board noted that and then it went further, quite correctly, to note that Frank had not resigned from the Northern advisory committee until 7 November.

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