Results 22,181-22,200 of 34,729 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) (22 Nov 2016)

Seán Fleming: That is important. Why did Lazard never invite Fortress into the process? Fortress had to force its way in, through the Taoiseach's office and through NAMA head office. How did Lazard discount it, given that it was there at the very last minute? I would have said, in terms of asking Lazard a question, there are lots of issues but there was a real bidder out there which had to force its...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Okay, fine. We get the point. I have two brief questions in relation to the bidders. Reference has been made to non-disclosure agreements but in the conditions of participating in the process, were the bidders obliged to notify Lazard who their advisers were or were they obliged to notify NAMA? They were obliged to notify somebody.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: For the purposes of confirmation, did they notify Lazard before they submitted their bid that they had engaged Brown Rudnick and Tughans?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Mr. Long believes they should have. He said so already.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Mr. Long heard the gentleman from Cerberus here last week state there was a technical breach. This past week everybody has been concerned here about information that Brown Rudnick and Tughans could have possibly brought to Cerberus, that they might have breached some previous confidentiality agreement or information they gathered. They said they had no contractual difficulties in providing...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Mr. Long heard Mr. Neporent mention that here last week. There was a technical breach.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Okay. Would Mr. Long tell me what he thought Mr. Neporent had in mind?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: It was about the bid.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Okay. We will check that. I am merely saying, given Mr. Long was here to give comfort to NAMA, we now know that there was an actual breach admitted by the successful bidder.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: There were two breaches. First, he did not notify NAMA or Lazard that he taken on these people. The second potential breach was - Mr. Neporent stated it was a breach - that they shared the information that Cerberus had with these people who were not a party to the non-disclosure agreement signed by Cerberus. Does that concern Mr. Long?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Was Mr. Long surprised that Mr. Neporent made that comment here last week because that had not been in the public arena previously.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: Okay. We will leave it at that. Mr. Long will be relieved. The questioning was a bit robust. Sometimes I will say to a witness before he or she leaves whether we on the parliamentary side found his or her evidence credible or disingenuous. I ask Mr. Long neither to take offence, nor to take the view that the committee has formed an opinion in relation to his evidence. We are merely...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Seán Fleming: -----and we will test other witnesses to the limit. Then we will come to a conclusion at the end of the process, not here today. I want to put that on record in case Mr. Long thinks in some way we were not accepting his evidence. On behalf of the Committee of Public Accounts, I sincerely thank Mr. Long for travelling to Dublin to meet us today. I thank the Comptroller and Auditor...

Written Answers — Department of Public Expenditure and Reform: Company Registration (22 Nov 2016)

Seán Fleming: 354. To ask the Minister for Public Expenditure and Reform the value of assets transferred to the State as a result of companies that were involuntarily struck off by the Companies Registration Office and any subsequent reinstatement to the organisations concerned for each of the past three years; the mechanisms in place in his Department to ensure these assets are transferred to the State on...

Written Answers — Department of Children and Youth Affairs: Early Childhood Care and Education (22 Nov 2016)

Seán Fleming: 563. To ask the Minister for Children and Youth Affairs further to Parliamentary Question No. 644 of 11 October 2016, her views on correspondence (details supplied); and if she will make a statement on the matter. [35750/16]

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,...