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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Yes. I will come to that documentation. We wrote two detailed letters to NAMA. One letter was written on 5 October to which we got a full reply. It is in the documentation provided to members. We wrote a subsequent letter a week later and a reply arrived last night on a key fob. There is a lot of documentation involved and it was only available to be sent to us today. I accept that it...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Mr. Moriarty's point is taken.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: We are where we are in the documentation. It means we have a lot of homework to study tonight when we get this documentation.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: It does. To be very clear, this morning we gave the clerk to the committee the authority, if any gaps in the evidence arise during the course of the day, to write on our behalf to seek the information rather than waiting for a subsequent meeting to get permission to write the letter. That is going to fast-track the matter. Any member, during the course of tomorrow, the next day or any...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Delete this

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: I call Deputy Madigan next. The sequence of speakers is Deputy Madigan followed by Deputies Cullinane, Burke, Catherine Murphy, Connolly and McDonald as they indicated they wanted to speak in that sequence. They will each have ten-minute time slots.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: The Deputy has one minute remaining.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Is that the opening statement?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: The reference number is 11 B.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: I can help the Deputy. The reply to the letter we wrote to NAMA on 12 October arrived yesterday evening. It is unfortunate that we did not have it for the meeting. The first paragraph of our letter addresses what the Deputy is seeking. It requests "a full copy of the minutes of the board meeting, including papers presented and discussed". I am expecting what he is looking for to be on...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: The Deputy's time is up.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: The Deputy has been in possession for 12 minutes and he is only supposed to have ten. He will have an opportunity to contribute later. I call Deputy Burke.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Was Mr. Collison at that board meeting?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: It would be helpful because, according to the evidence, the paper at the meeting on the 12th was presented by the asset recovery unit. It is always good for us to have a feel for what went on. As Mr. Collison said documentary evidence does not cover it. There is no documentary evidence that he was there. Please tell us who else was there in order that we have a feel for what went on. I...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Page 136 in the report-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: We will review that this afternoon.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Did that happen?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Did the agent from Lazard have the ability to take the information to someone else?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: No, sorry. Would the people PIMCO had engaged have had the ability to use that information and take it on despite the request to PIMCO?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: When they downloaded the information from the data room, were they able to keep copies?

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