Mick Wallace (Wexford, Independent) | Oireachtas source

Okay, but it will be a long supplementary.

I have spoken to Brian Rowntree several times lately. He said to me that he had never heard of Project Shift. He said that he was led to believe by NAMA, via the chairman, Frank Daly, and Ronnie Hanna, that Project Eagle was the first sale of any element of the Northern Ireland portfolio to a third party loan acquisition group. This is a matter of concern. I cannot understand why NAMA will not tell us whether Frank Cushnahan did or did not advise the debtor. We have recently found out who the debtor is - he is a pretty serious player. Can the Minister get an answer to that?

Although little is known about Project Shift we have found out from an internal e-mail that Ron Bolger represented Cerberus on the deal. This is the same Ron Bolger that arranged a meeting between the former Minister, Deputy Noonan, and Cerberus the day before Project Eagle.

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