Results 21,761-21,780 of 27,087 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 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.
- 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 is counting down the clock.
- 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: That is fine. I will take the time to stay here.
- 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 was never given that information.
- 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 was never given that information.
- 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 take the Minister out of the picture for a moment and establish what we do know. We know now that Mr. Cushnahan did have a relationship with six debtors, and possibly seven. We know that Mr. Cushnahan had a relationship with Tughans in that he shared one of its offices. We know that two Northern Ireland Advisory Committee, NIAC, meetings took place in Tughans' offices. We also know...
- 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: Yes. The Minister did not take any action and he also failed to inform the First Minister and the deputy First Minister in the North. He failed in his duty in respect of-----
- 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: It is a statement, but it is also a question.