Dáil debates

Thursday, 17 November 2016

12:30 pm

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

I often go the Committee of Public Accounts. I have been to the gardaí several times and the National Crime Agency. Unlike the NAMA officials, the Comptroller and Auditor General is excellent.

I want to give the Minister a taste of some of the e-mails. The first is dated December 2010 and is from Frank Cushnahan to the businessman. He starts by apologising for the delay in completing the document and explains that he has been heavily engaged by NAMA. He states that there are very substantial opportunities for major returns to be made for anyone who can access international and institutional funds to acquire blocks of development assets from either development or the agency itself. He states that he will initiate any necessary documentation to secure the best interest of all.

The reply starts with the businessman thanking Mr. Cushnahan. He states that he completely understands the demands made on Mr. Cushnahan by NAMA and the work that it entails, and states that he explained this to both individuals. He states that both now also understand the situation, especially as the plight of Ireland has been internationally reported. He states that if anything, it has reinforced their opinions of Mr. Cushnahan's abilities. He thanks him also for giving them the information on acquisition success fees.


michael heery
Posted on 19 Nov 2016 1:34 pm (Report this comment)

am utterly shocked at the prices that NAMA accepted for eagle assets,, its all very hushhush

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