Results 23,061-23,080 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) (18 Oct 2016)
Seán Fleming: I ask Deputy Cullinane to give other members a chance to ask questions.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: A final question, yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: A last question.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We will request that information.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I call Deputy Connolly.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: What are the names?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Yes, sorry.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: It is on page 92, the decision.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Is it £1.241 billion?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The witnesses might explain to the public the board meeting when this decision was made on 3 April, the day the information came to light. We have some of the minutes here. There is nothing wrong with the first thing that strikes me, but it is a bit unusual. The meeting was held at 4.30 p.m. Mr. Frank Daly, Mr. Ellingham, Mr. McEnery and Mr. Soffe were on the phone and were not in the...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Talk us through that day. Give us a flavour of it so we understand.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: When did the board members get word? Did they get phone calls saying that an urgent meeting was needed and asking whether they would be ready at 4.30 p.m?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Will the witnesses tell us what happened instead of my asking questions?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Did the board members have much documentation? The minutes are extensive and run to a few pages. They state that following further discussion, the board agreed that NAMA should seek written assurance from Cerberus that no fee, commission or other remuneration would be paid to anybody connected with NAMA. Was that in the papers or was it from one of the suggestions that it needed this...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The chairman would have said that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Did the board give approval subject to that letter of confirmation arriving or did the board give the chief executive-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: And it gave the chief executive the ability to drop it to £1.2 billion if some last-minute hitch arose. The board meeting was conditional on quite a few things happening once the members hung up the phone. Is that a good way to do business?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The figure of £1.241 billion was set. Was the board happy with that? Was any other board meeting held? The reason I ask this is because this was one of the biggest financial transactions in the history of the State and we are trying to get a feel for how decisions are made in these big places. Were there many other meetings where nobody was physically present other than the chief...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We just wanted to understand because when we are drafting our report, we want to be fair to NAMA in respect of how the procedure works.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: It is specifically provided for members to attend by telephone, it is in the original legislation and we accept that.