Mick Wallace (Wexford, Independent) | Oireachtas source

Last week, I asked NAMA how it could have allowed the Project Eagle transaction to proceed knowing that Brown Rudnick and Tughans were involved, given that the same players were involved in the PIMCO deal in which the fixtures fee of £5 million had been sought for Mr. Frank Cushnahan. When I asked NAMA about this, Mr. Frank Daly replied, "Our advice is that such fee payments are not illegal". Could the Taoiseach confirm for me who NAMA received the advice from? Did that advice cover the laws of the United States and the United Kingdom, including Northern Ireland? If NAMA was so sure this was not illegal, why did its board decide that if PIMCO, one of the largest investment funds in the world, did not withdraw from the process, NAMA would force it out? How could it possibly have decided this if everything was rosy in the garden? Can the Taoiseach explain that to me?

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