Results 22,381-22,400 of 34,778 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) (17 Nov 2016)
Seán Fleming: Mr. Neporent says Cerberus is one of the biggest loan management companies in the world.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: There was a time NAMA was the biggest loan book repository on the planet. Mr. Neporent says Cerberus has taken over from NAMA in that league. Mr. Neporent has said he does not know who else was involved but did he feel Cerberus was in a competitive situation right to the end?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Why did the meeting with the Minister for Finance and the former Secretary of State, Cerberus’s chairman, officials, the chairman and chief executive of NAMA, and senior officials in the Department of Finance happen the night before the bids were lodged? Has that been disclosed to us before?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: The night before the bids closed. I am not sure. I do not remember too many witnesses telling us about that. Would it be unusual, for one of Cerberus's biggest bids, £1.3 billion, that the most senior people in the organisation would meet the most senior person in the organisation where it was lodging the bid the next day?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Was NAMA happy to meet with Cerberus the day before the bids closed?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: We will ask NAMA, not Cerberus, if it met Fortress, which we now know was the only other bidder in the field, within 24 hours of the bids closing. We will ask it about those two sets of meetings because I do not think that has been volunteered extensively to us.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: The letter Mr. Neporent mentioned on 25 March is a bit like what was called the memorandum of understanding which issued months earlier from Cerberus to the Minister. To which Minister was it addressed? Was it addressed to the Minister for Finance, Deputy Michael Noonan?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Was it addressed to any Minister in Northern Ireland?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: It was addressed to the Minister for Finance, Deputy Michael Noonan, only. I might have a few other questions, but I wanted to put those points to Mr. Neporent.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: That is the letter I mentioned.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: It went to-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Did it go to the Minister for Finance, Deputy Noonan?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Grand. I noted the reference to the Minister, Deputy Noonan, earlier. Thank you.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Who is that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: I need to allow Deputy Cullinane have his turn.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: To help the Deputy, Mr. McEnery of the audit committee stated that he asked at the board meeting whether PIMCO was a Trojan horse for Cerberus.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: That is how it was raised.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Are we finished or did Deputy Connolly want to come in? Is Deputy Aylward finished his questioning?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Brown Rudnick and Tughans did not access the data room for Cerberus.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Seán Fleming: Yes.