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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Will Mr. Stewart tell us more?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: When did it come to Mr. Stewart's attention?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: What was Mr. Stewart's role then?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Was Mr. Stewart asked for an opinion on this?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: What was your opinion?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Was that given in written or verbal format?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Was Mr. Stewart asked for a view on Cerberus and taking on the same legal advisers and one set of property advisers?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Who in the office found out? Somebody stepped into Mr. Stewart's shoes when he stepped out.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Mr. Hanna.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Mr. Stewart had nothing to do with this.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Who on the legal side had? Was the legal team asked about Cerberus taking on the same solicitors?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: When was Mr. Stewart's office made aware of that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: I do not mean Mr. Stewart personally but whoever was taking the decisions.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Is the witness sure of that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: This is important. Here we have Cerberus taking on the same solicitors and the same property advisers. I wish to ask questions about how the conflict of interest was followed up, not to be argumentative but because the Comptroller and Auditor General raises it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: He makes specific conclusions that further steps should have been taken. If Mr. Stewart is not in a position to help us on this, we will get the appropriate witness. Is he not in a position to help us here?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: What person in the office was approached for advice regarding whether it was appropriate that Cerberus had the same solicitors?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: Mr. Steward cannot help us.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: I am asking about Cerberus.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Catherine Connolly: I have two final questions. Is Mr. Stewart aware that when a bidder comes forward to bid, the financial adviser, such as Lazard in this case, would set out what responsibilities are on the bidder?

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