Oireachtas Joint and Select Committees

Tuesday, 22 November 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

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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Nobody is asking Mr. Long to speak about issues that he was not aware of or which predated his involvement in the process. In terms of paragraph 4.17 of the Comptroller and Auditor General's report and the objective of prohibiting contact or association with debtors, the point is that NAMA became aware of an association with debtors and a success fee that involved Mr. Cushnahan. Given the information was not shared with Lazard, the guardian of those objectives, Mr. Long does not seem to be angered, put out or upset by that, which really puzzles me. NAMA was made aware of breaches but it was not conveyed to Lazard, the guardian of those objectives.