Dáil debates

Thursday, 24 September 2015

12:40 pm

Photo of Mick WallaceMick Wallace (Wexford, Independent) | Oireachtas source

The Tánaiste comes from an accountancy background and she is the leader of the Labour Party. I cannot believe that she is happy for all this stuff to be simply tossed around here between ourselves in committees. This requires a proper independent investigation, preferably by people from outside the country.

In the contribution sent in by Cerberus, whose representatives refused to go before the Northern Ireland committee, the firm stated:

The terms of Brown Rudnick's engagement by Cerberus included the payment on a success fee only basis. Brown Rudnick agreed to share the success fee with Tughans. The involvement of Brown Rudnick, their involvement of Tughans (and their respective payments on a success fee basis) were known to NAMA in advance of Cerberus being selected as the preferred bidder and its acquisition of the Project Eagle portfolio.

NAMA cannot wash its hands of what has happened with Project Eagle.

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