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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) (16 Nov 2016)

Seán Fleming: Had Mr. McGuinness been excluded prior to that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: They were later.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: The debate has strayed off Project Eagle.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: I call Deputy Cassells who is the final speaker and then we will close up.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: Deputy, we are not going there now.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: They are for us to answer not for the witness. I ask the Deputy to conclude as we are about to draw the meeting to a close.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Seán Fleming: At this stage we have concluded our discussion. On behalf of the Committee of Public Accounts I thank the deputy First Minister for making himself available for the past few hours to meet with the committee. I also thank the Comptroller and Auditor General, Mr. McCarthy, and Mr. Riordan from his office for being here. I remind members that tomorrow we will meet with former NAMA board...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: We are joined by the Comptroller and Auditor General, Mr. Seamus McCarthy, as the permanent witness to the committee. He is accompanied by Mr. John Riordan, deputy director of audit. Are the minutes of 10 November agreed? Agreed. I propose we hold over the opening statement of Cerberus until we meet its representative in the afternoon. The next item of correspondence in category B,...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: Let me read the letter first and then we will discuss its content. The point the Deputy made is highly significant.

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: We are in public session. We will discuss the logistics and activities of our meeting in private session. I want to read the letter into the public record. There are one or two fundamental issues in the letter and that is why I want it on the record. When I have done so, we will discuss it.

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: We will come back to the questions to the Comptroller and Auditor General shortly.

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: This is a letter from the New York office of Fortress Investment Group LLC, signed by Mr. David Meisels, managing director and head of litigation. It is dated 11 November and it was sent by e-mail to the clerk to the Committee of Public Accounts. It states: Re: Special Report 94 National Asset Management Agency's Sale of Project EagleDear Mr. Lenihan: I write in response to your letter,...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: We will not discuss this at length because if Fortress representatives are coming in, we will want to discuss it with them. More important, we will have discuss to it-----

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: A gentleman is coming from the US to address the committee with an opening statement. If we have to let the Comptroller and Auditor General come back afterwards, we will do so. Out of courtesy to the person who is coming to assist the committee voluntarily, however, I want him to read his opening statement and I do not want any discussion until he is here this afternoon. I have no problem...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: I think-----

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: I think there is unanimous agreement on this. I propose that we have a discussion of our work programme for January, February and March in early December. We will not do it today or next week but I propose that at one of our private meetings in early December we prioritise our work programme for the areas we want to deal with early in the new year. It will be the new year before they come in.

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: Yes, I think it is. We will have a few meetings in December about our draft report. I think that it will take up our time.

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: In advance of that, we will have some information. In respect of the letter we received from Mr Niall Cody, which I referred to in correspondence a few moments ago, 168B(ii), the last item we asked him about was the note on the nursing homes scheme and the collection of fees by the Revenue Commissioners. There is a specific note on that so members can see that this was already in the back...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: We will check that ourselves because it says "Dear Minister" and we do not know to which Minister it is addressed. I presume it is the First Minister. We do not know whether it was the deputy First Minister. We will enquire about that. The next items are statements and accounts received since the previous meeting. Before we go to statements and accounts, I want to refer back to the...

Public Accounts Committee: Business of Committee (17 Nov 2016)

Seán Fleming: When will we receive the 2015 accounts for the Kerry Education and Training Board?

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