Oireachtas Joint and Select Committees

Wednesday, 16 November 2016

Public Accounts Committee

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

12:30 pm

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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Mr. McGuinness understands it. Mr. Rowntree would not have been aware of this when he was here but we now know PIMCO did not make a blind approach to NAMA. It did so on the basis of discussions that took place. It was approached by a Mr. Coulter of Tughans legal firm, Brown Rudnick, and also Mr. Frank Cushnahan, who at the time was a board member of the NIAC. We know that is the case and Mr. Rowntree said that the information that Mr. Cushnahan had would have made potential bidders smile. When did Mr. McGuinness first learn of all this? When did he learn that Mr. Cushnahan was involved in a success fee arrangement or had any relationship with any of these individuals?