Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

The answer I gave the Deputy on the day, for which I did not have the opportunity to look up any details, was that I became aware of it when Mr. Cushnahan offered to give a room to us in Tughans for Northern Ireland advisory committee meetings because, prior to that, when we were in Belfast, they had been held in the offices of the Northern Ireland Housing Executive, NIHE. Brian Rowntree, the other advisory committee external member, was chairman of the housing executive so he had made a room available to us there. When Mr. Rowntree resigned from that post, the NIHE was no longer available to us so Mr. Cushnahan said, "I will get you a room in Tughans", and we accepted. In hindsight, I am sorry we did but I did not know then what I know now. What I said to the Deputy in July was that I thought, therefore, that my knowledge of Mr. Cushnahan's connection with Tughans arose from that offer and I thought then that was around October. When I checked back afterwards, I found our first meeting in Tughans was actually in April so I wrote to the Chairman------