Results 6,061-6,080 of 26,430 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) (24 Nov 2016)
David Cullinane: If Mr. Daly would bear with me because this is very important. Timelines are very important. I am referring to the minutes of a meeting of 13 March. Mr. Daly was first made aware of the success fee arrangement and the connection between Mr. Cushnahan, Brown Rudnick and Tughans on 10 March.
- 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)
David Cullinane: The minutes of the meeting of 13 March refer to the date of April 2013, which is what chimes perfectly with what PIMCO is saying to us.
- 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)
David Cullinane: When several of the board members appeared before the committee they all expressed shock when they found out about this and were first informed of the success fee on 10 March 2013 at that first board meeting. They expressed shock on finding out that there was an arrangement between Mr. Cushnahan, Tughans and Brown Rudnick. I find it extraordinary that NAMA would not have asked PIMCO of the...
- 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)
David Cullinane: They were told Mr. Cushnahan was involved. Let us leave that hanging for the moment. Mr. Daly knows the importance of that, as Mr. Cushnahan was still a board member-----
- 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)
David Cullinane: No he was not then, but he was still a board member when there would have been the first association. The first question one would ask is at what point did Mr. Cushnahan interact with PIMCO? That would have been very relevant. PIMCO is saying that he interacted with it when he was still a board member. One would try to establish those facts. The question I am asking Mr. Daly is did NAMA...
- 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)
David Cullinane: That is a very basic question to ask.
- 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)
David Cullinane: It is not just my view. It is a very basic question to ask. I am sorry Mr. Daly-----
- 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)
David Cullinane: -----but this was a shocking development that he was made aware of. It would have been more shocking and, in fact, potentially illegal if Mr. Cushnahan had been connected with Brown Rudnick, Tughans and PIMCO when he was still a board member. Mr. Daly is telling us that he was just told there was an association but he never asked PIMCO when that happened and it never volunteered that...
- 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)
David Cullinane: Mr. Daly never asked about that.
- 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)
David Cullinane: I would prefer if Mr. Daly was honest and not careful.
- 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)
David Cullinane: I ask Mr. Daly to be honest and careful.
- 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)
David Cullinane: We have those notes.
- 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)
David Cullinane: I am not referring to those contemporaneous notes in terms of the conference call. I am referring 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)
David Cullinane: It is in the committee notes.
- 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)
David Cullinane: Yes, we can see.
- 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)
David Cullinane: Ms O'Reilly-----
- 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)
David Cullinane: Sorry, I am asking the questions.
- 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)
David Cullinane: Ms O'Reilly, with respect, I am putting the questions.
- 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)
David Cullinane: We have limited time. I accept the point Ms O'Reilly makes. I asked Mr. Daly whether the question was asked, and he said "no". Now Ms O'Reilly is referring to records in which NAMA says the question was asked.
- 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)
David Cullinane: I accept that.