Results 22,741-22,760 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) (25 Oct 2016)
Seán Fleming: Everybody involved with PIMCO moved on. How can Mr. Stewart sit here and give an assurance that no fee was subsequently paid? That is what he has just said.
- 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. Stewart cannot do that.
- 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: By 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: Mr. Stewart said that no success fee would be paid if the sale fell through.
- 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: Not by PIMCO, but it could have been paid by someone else. Mr. Stewart does not know that this did not 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: Okay.
- 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 will go back to the first question. There is a State body here. If PIMCO thought it was a compliance issue, did NAMA not feel the same? It went all the way to the board. Was this not a compliance issue for NAMA?
- 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 know he was a former member. The board took it so seriously that it called the process "fatally flawed". If it took it so seriously, was it reported formally to the compliance unit in the NTMA? Does Mr. Stewart know-----
- 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: Any of the witnesses may answer that question.
- 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: Who can answer that?
- 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: Okay. We will get somebody. We need an answer to that specific question. I have two more questions. Record 3 in Mr. Stewart's notes covers the phone call with Mr. Tom Rice about which Deputy McDonald asked. We will get the information up on the screen. It is good that Mr. Stewart has notes. I am interested in the note that states "TR said the [Project Eagle] process had been with NAMA...
- 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. Stewart was not aware that it started in June 2013.
- 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: For all Mr. Stewart knew, NAMA was involved in April or May.
- 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: Right. When Mr. Stewart wrote that note, he believed this may have been going on since that time and that is why he did not bat an eyelid.
- 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. Ronnie Hanna, who was in the room with Mr. Stewart, knew when the process started with NAMA.
- 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: Has Mr. Stewart discussed the matter with Mr. Hanna since then?
- 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 am going to conclude. We had agreed to invite Mr. Hanna, but that issue has not yet crystallised. We will have to pursue that issue and the issues around 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: Yes.
- 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: Have we that in writing? Is that a document? I have never heard of or seen it. This is new to us. Is there a document to justify that or is-----
- 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 was this put to them? Was is just recently?