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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) (24 Nov 2016)

Catherine Connolly: Yes.

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: Who did the NAMA internal contemporaneous minutes of 10 March, which were printed?

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. Stewart need not mind the e-mail. Who prepared that document?

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: Look, it is very simple. NAMA gave us these. I am not-----

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: Good. Mr. Stewart prepared this document. It states Record 1, 10 March 4 p.m. and refers to the phone call. This was a very important phone call. It follows from a phone call from PIMCO on Friday, 7 March saying, "We need to talk to you urgently". It took until 4 o'clock on Monday. Is that right?

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: It was probably to do with time change, was 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: It seems PIMCO was calling NAMA urgently on Friday and NAMA waited until 4 p.m. on Monday.

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: It records that Ronnie Hanna "outlined that the Frank Cushnahan issue was a major issue for NAMA". This is the first record of a phone call. I will not use my time to read this out.

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: NAMA can sort out this mess afterwards. I am reading what I was given. I was given this through NAMA's documents and so I will stick to what NAMA gave.

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: Chairman, if you could bear with me, I will go through the documents I have. NAMA can come back and correct the record. This is the document-----

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 did. I certainly got 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)

Catherine Connolly: No, I am reading the documents as I got them.

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 know anything about a correction, so I will continue on for a moment and we can come back and NAMA can correct it. What I have here is dated 10 March, that NAMA gave-----

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: They keep doing this and it is extremely difficult. I will ask for more time. I have a record given by NAMA. 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)

Catherine Connolly: Chairman, excuse me. I would like to go through this and any amendments can be made afterwards. These are the documents I went through. Let me stick with this, please. On 10 March at 4 p.m., Mr. Stewart has confirmed that that is 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: It states that Ronnie Hanna "outlined that the Frank Cushnahan issue was a major issue for NAMA". What is written here is 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)

Catherine Connolly: Mr. Stewart can clarify that in the Chair's time. This is what I have. Then I go into 11 March. I have three e-mails that Mr. Stewart sent regarding the phone calls on the Monday. Is that correct?

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 three e-mails on 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)

Catherine Connolly: There were three e-mails. Nothing hangs on it, there is nothing here but interestingly, there were three e-mails. Mr. Stewart sent them regarding the call the previous day. One is sent at 9.31; one is sent at 9.38; one is sent at 9.33.33. They are all the same except for a typo error.

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: It is significant that there are now three e-mails. The three e-mails are distinctly different from record 1 and record 2.

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