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

Ms Aideen O'Reilly:

I will correct the dates. If one recalls, I think it was 14 October 2015, at the equivalent committee in the North of Ireland, the then First Minister Peter Robinson gave evidence. His evidence was that he had attended a meeting with PIMCO, attended by Frank Cushnahan. I think that had occurred in May 2013. That was the first objective evidence we ever had of Mr. Cushnahan's involvement with PIMCO, at any stage during 2013. Immediately after that evidence we reviewed the transcript. We actually entered into quite lengthy correspondence with Mr. Cushnahan which ran from, I think, November until February of this year. We had extensive correspondence with him. There is a provision in the Standards in Public Office Act whereby the chairman can seek further information from a designated director. When that correspondence was exhausted we still did not think we had a satisfactory explanation from Mr. Cushnahan and we made a formal complaint to the Standards in Public Office Commission.

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