Results 21,941-21,960 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: April.
- 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: Fine. I am going to put a strange remark to Mr. Daly that nobody came with this bit of reverse logic. At the end of the day the board accepted the £1.3 billion offer from Cerberus. NAMA was happy with the £1.3 billion and accepted it. 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)
Seán Fleming: Does NAMA have Frank Cushnahan to thank for 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: I know the question I put is probably a question that people have not thought about too much, but I like to look at every angle. Mr. Daly is now saying that if what PIMCO was saying was right, Mr. Cushnahan was involved in the genesis of the PIMCO bid. PIMCO came in with £1.3 billion and NAMA set that ultimately as its minimum price and it got the £1.3 billion.
- 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 gets the point. He actually commenced the process that led to the sale.
- 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, but does Mr. Daly get the connection?
- 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 would not expect Mr. Daly to give him credit for it, but he can see there is an actual connection, strange as it is, between Mr. Cushnahan's initial involvement and the think being offered ultimately for sale. I will move on from that. Page 158 of the Comptroller and Auditor General's report refers to the famous phone calls. I will not get into these phone calls. I want to pick 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)
Seán Fleming: Therefore, NAMA was aware that it was an individual. While it might not be easy to bring this up on the screen, among the documents NAMA sent to us was a letter dated 23 July 2015 from Mr. Daly to Martin McGuinness in his constituency office in Cookstown, County Tyrone. It is part of a bundle of documents NAMA submitted to us. I will read the paragraph which I find a bit unusual....
- 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 Cerberus.
- 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: Regarding the fees, Mr. Daly seems to be saying to Martin McGuinness that NAMA could not have been aware of the matter of a payment to an individual. I am reading the bit on fees. NAMA said that it could not have been aware of the matter of a payment to an individual. Regarding the previous incarnation of the fixer's fee, though, NAMA had been specifically informed that the payment to...
- 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: 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)
Seán Fleming: 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)
Seán Fleming: I am asking this question because the recorded phone calls mentioned that the payment was to a named individual. It is strange in a top firm of solicitors that the cheque would go to a named individual. Professional companies do not do their business by making payments to named individuals. NAMA was aware of this from the phone call in March and it was mentioned in the minutes. Did it 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)
Seán Fleming: 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)
Seán Fleming: NAMA was aware from the time of PIMCO that there was a payment going to Mr. Coulter. 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)
Seán Fleming: NAMA was aware of that. I have cited the two references to that in the board's minutes as well as the phone call. But then-----
- 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, but I understand that it said that it was paying it to Tughans.
- 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: NAMA said that it could not have been aware, but if it had been even a little awake, it could have been aware.
- 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 NAMA did not have specific knowledge, but it could have been aware.
- 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: NAMA became aware that two of the three portions of the first fee had been earmarked for individuals.