Results 2,041-2,060 of 32,837 for speaker:Catherine Connolly

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: There was an active bid process in being and the witness thought it was okay to meet with the bidders?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: There are no minutes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: With regard to Mr. Hanna, it came as a shock, I think, that Mr. Cushnahan's name was mentioned in relation to a fee. When the witness heard that Mr. Hanna was arrested in Northern Ireland, what feeling did he have about it?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I understand that completely, but I am asking what feeling the witness had.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Did it come as a shock to the witness when he heard Mr. Hannah was arrested?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: A surprise?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: All right. I will finish-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I am finishing on this question. The process is crucial and NAMA has come back repeatedly to say that there were nine or ten bidders. I have repeatedly gone through the Comptroller and Auditor General's report and said there was not. There was eventually, but there were three bidders initially. Sorry, Mr. McDonagh, if you could resist distracting Mr. Daly, I wish to put the question to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: That is his belief. Okay. I am not misquoting him. Lazard said-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Yes, but PIMCO wanted to stay in. Was that the witness's understanding?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Mr. Patrick Long said that he believed that NAMA really wanted PIMCO to be in the process. His words, subject to checking, were that NAMA certainly did not want to lose PIMCO.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Okay. The witness has said that and there is a conflict there. Let us look at page 112, paragraph 4 of the Comptroller and Auditor General's report. PIMCO were in the process from a very early stage, not with NAMA, according to the witnesses, but with Brown Rudnick and Tughans from April 2013. They went forward to September and through the various board meetings. On 8 January 2014, a...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: And time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I heard what the witness said and I accept that that is what he has given. I now put it to him that, after all I have heard, it would be difficult not to make an assumption from that to the effect that this was simply done to give the appearance of a competitive process.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Okay. That is what the witness is saying. However, that was my reading of it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I do not think NAMA was, when I look at everything. NAMA opened it up to a small-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Sorry, this is difficult when Mr. McDonagh keeps interrupting.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Please, Mr. Daly. If Mr. McDonagh would like to answer the questions, I would be delighted to pose them to him. However, he keeps interrupting by going to Mr. Daly and pointing things out to him.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I accept that is Mr. Daly's reading of it. I am saying one could be forgiven for taking a different interpretation but Mr. Daly is not agreeing with that. That is okay. That is where it rests.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I asked about it.