Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

Well, Mr. Cardiff called me. I had no contact with Mr. Cardiff until after 1 o'clock in the morning. When we arrived in Government Buildings, myself and Mr. Whelan were shown into a meeting room and there were two other people in that meeting room. One was Mr. Beausang, who was assistant secretary in the Department of Finance and the other at the time was - and I did not know who he was at the time - was Pádraig Ó Ríordáin, who is a managing partner of Arthur Cox's. The four of us were left in that meeting room. Nobody came in to consult with us or discuss anything with us. There were people coming in and out of the room but we did not know what was going on until after 1 o'clock in the morning, we were told that the Government had made a decision to-----