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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) (24 Nov 2016)

Catherine Connolly: I would like to know who those bidders were. Where were they put in? Where were they put out? Who made that decision? Will Mr. Collison check that for me and I will use my time to continue with questions?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Where do I go with this? Let us go back to the minutes. Mr. Stewart might help me on the minutes. I have a note from PIMCO dated 14 March. This was all disclosed, we all got it. It sets out that there were telephone discussions on the 10, 11, 12 and 13 March. Is that correct?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Good. Record 1 states that on 10 March the first telephone call was at 4 o'clock in the evening. Is that correct?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I have to rush through this because I have many questions to ask. On record 1, who did that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Yes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Who did the NAMA internal contemporaneous minutes of 10 March, which were printed?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Mr. Stewart need not mind the e-mail. Who prepared that document?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Look, it is very simple. NAMA gave us these. I am not-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Good. Mr. Stewart prepared this document. It states Record 1, 10 March 4 p.m. and refers to the phone call. This was a very important phone call. It follows from a phone call from PIMCO on Friday, 7 March saying, "We need to talk to you urgently". It took until 4 o'clock on Monday. Is that right?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: It was probably to do with time change, was it?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: It seems PIMCO was calling NAMA urgently on Friday and NAMA waited until 4 p.m. on Monday.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: It records that Ronnie Hanna "outlined that the Frank Cushnahan issue was a major issue for NAMA". This is the first record of a phone call. I will not use my time to read this out.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: NAMA can sort out this mess afterwards. I am reading what I was given. I was given this through NAMA's documents and so I will stick to what NAMA gave.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Chairman, if you could bear with me, I will go through the documents I have. NAMA can come back and correct the record. This is the document-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I did. I certainly got the-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: No, I am reading the documents as I got them.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: I do not know anything about a correction, so I will continue on for a moment and we can come back and NAMA can correct it. What I have here is dated 10 March, that NAMA gave-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: They keep doing this and it is extremely difficult. I will ask for more time. I have a record given by NAMA. On 10 March-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: Chairman, excuse me. I would like to go through this and any amendments can be made afterwards. These are the documents I went through. Let me stick with this, please. On 10 March at 4 p.m., Mr. Stewart has confirmed that that is him.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Catherine Connolly: It states that Ronnie Hanna "outlined that the Frank Cushnahan issue was a major issue for NAMA". What is written here is 10 March.

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