Results 21,921-21,940 of 34,777 for speaker:Seán Fleming
- 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)
Seán Fleming: Have we seen that PIMCO letter? No, we have not received a copy of it, but we have asked for a copy. There is some information we have been seeking, but we are not getting 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)
Seán Fleming: No, I want to establish what could have been known from the information which was publicly available.
- 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)
Seán Fleming: I am in agreement with Mr. McDonagh on that point. Did no one ask the question: "Who was talking to somebody with knowledge of the debtors?"
- 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)
Seán Fleming: Given that Mr. McDonagh has dismissed what PIMCO stated, how does he think it arrived at that figure which was bang on the button? It was not part of NAMA's sales strategy, yet somebody was able to come with a figure that NAMA ultimately accepted as the reserve price? I hope Mr. McDonagh understands how we are looking at 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)
Seán Fleming: What was PIMCO's original offer?
- 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)
Seán Fleming: What was its initial offer?
- 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)
Seán Fleming: Lazard is correct - PIMCO had a big advantage.
- 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)
Seán Fleming: I will have a second question for McDonagh, but I wish to put a question to Mr. Daly first. Mr. Daly is chairman of the Northern Ireland advisory committee, NIAC, which has made it clear that the people who signed their declarations handed them to Mr. Daly in person. We have not had sight of these declarations. Today we received a letter from the NIAC quoting data protection legislation in...
- 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)
Seán Fleming: I have said 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)
Seán Fleming: From Mr. Daly's point of view, did a suspicion ever enter his mind when the offer for the Northern Ireland portfolio was received that it was possible that a number of the board members would not have been aware of the declaration made by Mr. Cushnahan of which Mr. Daly would have been aware, but some of them were so aware because they were members of the NIAC and it had been recorded in 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)
Seán Fleming: I accept 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)
Seán Fleming: The Comptroller and Auditor General has to know.
- 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)
Seán Fleming: For years we have seen media reports on people's levels of debt to NAMA. The five individuals accounted for more than 50% of the Northern Ireland portfolio. Mr. Daly had to know that Mr. Cushnahan was dealing outside the NIAC with these debtors.
- 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)
Seán Fleming: Specific discussion.
- 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)
Seán Fleming: So Mr. Daly is telling-----
- 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)
Seán Fleming: I understand 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)
Seán Fleming: Mr. Daly said something that prompts a further question. He said Mr. Cushnahan made these declarations. NAMA now knows - and it might have known or probably could have worked out at the time that he was making those declarations - that he was a consultant to several debtors of over 50%. Mr. Daly is now saying NAMA never pursued his level of involvement, knowledge or dealing. NAMA just...
- 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)
Seán Fleming: Did NAMA ever pursue 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)
Seán Fleming: Okay. I know Mr. Daly is saying that he did not influence the NIAC because it was not a decision-making body and we accept all that. Strangely, would Mr. Daly think at this stage he had a role in Tughans and Brown Rudnick and dealing with PIMCO to get the bid together, in retrospect?
- 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)
Seán Fleming: I am not talking about success fees.