Oireachtas Joint and Select Committees

Tuesday, 25 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Mr. Alan Stewart:

Yes, that is right. The core concern of the board was the fact that Frank Cushnahan was a potential beneficiary from this fee. That was relayed. Indeed, that is consistent with what is in the board minutes. At that point, they raised the point that a third of the fee was in fact payable to a named individual in Tughans and, again, that they were willing to withdraw from the process.