Results 5,321-5,340 of 26,402 for speaker:David Cullinane
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I am aware of the Minister's position and he said earlier, in his opening remarks and in response to a question, that he made it very clear that this should be a fully competitive and open process. We have a report from the Comptroller and Auditor General which cites concerns that he had as to whether the process was competitive. More than that, however, and this is what the Minister is...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I have one more question after this one.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I just wanted to deal with the differences of opinion between PIMCO and NAMA in relation to -----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: Okay, I will come back to that later. I ask the Minister to respond to the point I was making about Mr. Daly's contribution.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: Regardless of the number of bidders in the process -----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: Regardless of the number of bidders that were in the process, the Minister is not accepting what Mr. Daly said last week, when he said that he did not believe that this was a fully open process. If those are his words, and I have quoted what he said four times, then it does not matter how many bidders were in the process. He said that this was not a fully open process and that NAMA was...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I will do my very best.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I will do my very best. Earlier in his contribution, the Minister rightly highlighted the expertise both Mr. Carville and Mr. Reid have in their respective areas and in the private sector previous to working in the Department. Did Mr. Reid or Mr. Carville carry out an examination of the Project Eagle portfolio?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: So the Department did not do any study into the portfolio sale.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: The Comptroller and Auditor General did. He carried out a thorough examination based on documentary evidence and information that was given to him. Any opinion given by Mr. Carville and Mr. Reid today is based on either the Comptroller and Auditor General's report, information they got from NAMA, and their own view of the process and so on. Is that fair enough?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: The Minister also said earlier that he had no role in terms of directing or influencing NAMA with regard to its commercial activities, but he did say that he would give advice. He has had several conversations with the chair of NAMA-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: The Minister did.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: No. We can go back over the record. The Minister said, "I give advice". He did say that. Has the Minster ever given advice to NAMA?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I just wanted to clear that up.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I am looking for the Minister's word.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I thank the Minister. I have got his answer.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: With regard to the conflicts of interest, which are very important, I want to get a picture of when the Minister knew about the different conflicts of interest and the action he did or did not take. First, when did he become aware of the conflict of interest with regard to Mr. Cushnahan's association with six debtors that made up 50% of the NAMA loan book?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: At some point along the way, the Minister would have been given the global picture of what was happening, where Mr. Cushnahan had an association with six or possibly seven debtors, according to the report.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: I ask the Minister to bear with me.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
David Cullinane: No. I am not.